Auction Property Details

241-245 Stanley Road, Kirkdale, Liverpool, L5 7QD

Lot 43 - 02.06.2016

Guide Price £150,000 Plus**

WHY BUY?
Substantial mixed use premises
Currently producing £12,000 per annum
Takeaway plus 7 x 1 bedroom flats
Potential income in excess of £35,000

DESCRIPTION
A substantial three storey mixed use property comprising of a large ground floor fast food takeaway plus 7 x 1 bedroom self-contained flats. The retail unit plus the ground floor flat are currently let to 'Chicksters' on a 10 year lease from June 2010 currently at £12,000 per annum with 2 yearly rent reviews. The 6 flats are all in need of a full scheme of refurbishment, but fully let the potential gross rental income is in excess of £35,000 per annum.

LOCATION
Situated fronting Stanley Road on the corner of Snowdrop Street in a busy main road location approximately 1 mile from Liverpool city centre.

ACCOMMODATION
Ground Floor: Fast food takeaway, sales area, prep area, rear kitchens, WC plus self-contained one bedroom flat.
First and Second Floors: 6 x 1 Bedroom self-contained flats comprising of living room, bedroom, kitchen, bathroom/WC
Outside: Yard to rear


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.