Auction Property Details

8 North Drive, Wallasey, CH45 0LZ

Lot 37 - 23.07.2014

SOLD LATER

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

8 NORTH DRIVE, WALLASEY, CH45 0LZ

INVESTMENT

WHY BUY?
5 Spacious apartments plus Freehold
Many original features
Large bay windows all double glazed
Refurbishment/development opportunity
Stunning location with unrivalled views

DESCRIPTION
A substantial former merchant’s house occupying a commanding elevated position on North Drive giving quite superb panoramic views from Liverpool bay out to sea and across the Wirral peninsula to the Welsh Hills. Being offered for auction is the freehold and 5 spacious self-contained apartments all with stunning views. Apartment 8c to the left wing of the property recently sold for £222,500 on a long leasehold.

VIEWING IS ESSENTIAL TO APPRECIATE THE SPECTACULAR VIEWS AND GREAT POTENTIAL FOR THIS DEVELOPMENT

Following a scheme of refurbishment/development the apartments offer tremendous scope for profitable resale. The property further benefits from a very large garden which could offer further options for development subject to permissions and a front garden that could be utilised for off road parking. Three of the apartments are currently let producing a total rental income of £856 per month one being a regulated tenancy, with two apartments vacant.

LOCATION
Situated just off Warren Drive in an elevated position giving panoramic views from all apartments.

ACCOMMODATION
Flat 8A: Ground floor with grand original main entrance, hallway, lounge, bedroom, bathroom, kitchen - vacant
Flat 8B: Ground floor, hallway, lounge, 2 bedrooms, kitchen, bathroom - currently let on AST at £300pcm
Flat 8F: Lower ground floor, hallway, lounge, 3 bedrooms, kitchen, bathroom - currently let on AST at £400pcm
Flat 8D: First floor, hallway, lounge, 2 bedrooms, kitchen, bathroom - current let on Regulated Tenancy at £156pcm
Flat 8E: Second floor, hallway, lounge, 2 bedrooms, kitchen, bathroom - vacant
Outside: Large garden to rear, gardens to front with potential for off road parking subject to permissions.



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.