Auction Property Details

46 Lawrence Road, Liverpool, L15 0EG

Lot 30 - 28.11.2013

SOLD PRIOR

FOR SALE BY PUBLIC AUCTION ON 28TH NOVEMBER 2013 AT THE LIVERPOOL TOWN HALL - 46 LAWRENCE ROAD, LIVERPOOL, L15 0EG

INVESTMENT

WHY BUY?
Ground floor shop
Currently generating £4,648 per annum
5/6 Bed Flat with separate front entrance
Excellent Student Location
Potential for HMO with the relevant consents

DESCRIPTION
The property comprises of ground floor retail unit which is currently let to Credit Union on a four year lease generating £4,648 p.a. The lease finished in April 2014, but the tenant have indicated that they wish to extend. With its own front entrance 46A contains a deceptively large 5/6 bedroom flat over 4 floors with 2 kitchens and 2 bathrooms. The property benefits from central heating and double glazing and would be an ideal student HMO following permissions. The property as a whole had previously been generating circa £23,000pa and with a small scheme of decoration and modernisation to the flat it would have the potential for a good return on investment

LOCATION
The property is situated on Lawrence road, which runs parallel to Smithdown Road which is a very popular student rental location in South Liverpool, with good public transport to Liverpool City Centre and Asda/Tesco/Aldi supermarkets all within walking distance.

ACCOMMODATION

Ground Floor commercial: Customer sales area, office, WC
Ground floor flat: Entrance hall and stairs leading to lower kitchen and upper floors
Lower ground flat: Large Kitchen with access to the rear yard
First Floor: Bathroom with toilet, Kitchen, Separate Shower room/toilet
Second Floor: Living room/bedroom 6, 2 x double bedrooms
Third Floor: 3 x Double bedrooms
Outside: Shared yard to rear, separate entrances to commercial unit and flat

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.