Auction Property Details

103-107 Linacre Road, Litherland, Liverpool, L21 8NS

Lot 45 - 23.07.2014

SOLD AT £98,000

FOR SALE BY PUBLIC AUCTION WEDNESDAY 23RD JULY 2014 AT LIVERPOOL TOWN HALL

103-107 LINACRE ROAD, LITHERLAND, L21 8NS

MIXED USE

WHY BUY?
Substantial 3 storey mixed use property
Potential gross rental income in excess of £40,000
Requires refurbishment
3 Shop units plus 6x1 bedroom flats
Potential for further flat

DESCRIPTION
A substantial three storey end of terraced mixed use property comprising of 3 retail units to the ground floor with 6 x 1 bedroom self-contained flats to the rear ground and upper floors plus further accommodation which would convert to one further unit on the first floor. Two of the flats are currently let producing £7,680 per annum. Following a scheme of refurbishment the potential rental income when fully let is in excess of £40,000.

LOCATION
Fronting Linacre Road on a busy main road position within the Litherland area approximately 3 miles north of the city centre.

ACCOMMODATION
Shop Unit No. 103: Sales area, rear room, WC, approximately 502²ft total
Shop Unit No. 105: Sales area, rear room, WC, approximately 502²ft total
Shop Unit No. 107: Sales area, rear room, WC, approximately 345²ft total
Flat 107A: Rear ground floor, lounge, bedroom, bathroom/WC (currently let at £360pcm)
Flat 107B: First floor, lounge, bedroom, kitchen, shower room/WC
Flat 107D: First floor, lounge, bedroom, kitchen, shower room/WC (currently at £280pcm)
Flat 105A: Second floor, lounge, bedroom, kitchen, shower room/WC
Flat 105B: Second floor, lounge, bedroom, kitchen, shower room/WC
Flat 105C: Second floor, lounge, bedroom, kitchen, shower room/WC
Further accommodation to the first floor is suitable for conversion to a further one bedroom unit
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.