Auction Property Details

25 Eccleston Street, Prescot, L34 5QA

Lot 43 - 13.02.2014

SOLD £105,000

FOR SALE BY PUBLIC AUCTION ON THURSDAY THE 13TH FEBRUARY 2014 AT THE LIVERPOOL TOWN HALL - 25 ECCLESTON STREET, PRESCOT, L34 5QA

INVESTMENT

WHY BUY?
2 X two bedroom flats
Occupied Retail unit
Annual income £18,600pa
Prescot Town Centre location

DESCRIPTION
This is a three storey mid terrace mixed use property that is fully let. Venmores have not carried out an internal inspection of the property but have been informed by the vendor that it contains a ground floor retail unit currently let by way of a 5 year FR&I lease to a firm of solicitors and 2 x two bedroom flats to the upper floors currently let on assured shorthold tenancies and accessed through the rear of the building.

Venmores have not inspected the flats but been informed by the vendor that they underwent a scheme of refurbishment only a few years ago and that each contain living room, double bedroom, single bedroom, bathroom, open plan kitchen/living room. The solicitors occupying the ground floor retail unit are paying £7,800pa and their 5 year term began on the 25th March 2011. Venmores are unaware how long the tenants have been in the flats but have been informed by the vendor that they are achieving £450 per month each. In total the property has a current annual income of £18,600pa.

LOCATION
The property is on Eccleston Street which is a pedestrian only street right in the heart of Prescot Town Centre opposite Prescot Shopping Centre and with a high level of foot fall. Whiston is located 1.5 miles away, St.Helens just 3.5 miles away and Liverpool City Centre only 9 miles away.

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.