Auction Property Details

296/296a St Marys, Garston, Liverpool, L19 0NQ

Lot 28 - 13.02.2014

SOLD £97,000

FOR SALE BY PUBLIC AUCTION - THURSDAY 13TH FEBRUARY 2014 AT LIVERPOOL TOWN HALL

296/296A ST MARYS ROAD, GARSTON, L19 0NQ

MIXED USE

WHY BUY?
Rental income of £9,180pa
Long standing tenants
Betting shop
2 bedroom flat
Great location

DESCRIPTION
This is a mixed use property containing a ground floor retail unit currently let by way of a 10 year lease from 2009 to Coral Bookmakers at £4,500pa, with a rent review due soon. There is also a 2 bedroom flat to the upper floor which is currently let to a long standing tenant who is paying £390pcm/£4,680pa. The tenants of the shop have been in the premises for over 20 years and is in good order and on a full repair and insuring lease. The flat is well kept but would require updating - it does benefit from partial double glazing and central heating. As an investment the property could command immediate gross yield returns of up to 14%.

LOCATION
The property is located just at the beginning of St Marys Road where the top of Aigburth Road meets it. The area is mainly residential but does have busy parades of shops intermittently spread across each block and so has a good foot fall for the area. Speke Retail park is only 2 miles away and Liverpool City Centre only 5 miles away. There are numerous bus routes close by and Cressington Rail Station is only across the road.

ACCOMMODATION
Retail unit: Gaming area, staff counter, wc, kitchen area, access to building rear
Flat: Access through side of property, stairs to first floor, kitchen, bathroom, double bedroom, bedroom 2, living room

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.