Auction Property Details

136 Aigburth Road/ Allington Street, Liverpool, L17 7BR

Lot 19 - 18.09.2014

WITHDRAWN

FOR SALE BY PUBLIC AUCTION THURSDAY 18TH SEPTEMBER 2014 AT LIVERPOOL TOWN HALL

136 AIGBURTH ROAD/ALLINGTON STREET, LIVERPOOL, L17 7BR

INVESTMENT

WHY BUY?
4 x self contained flats
Long standing retail tenant
Potential to add value
Current rent passing over £20,000

DESCRIPTION
This is a substantial corner property comprising of 4 x self contained flats and a retail unit. The retail unit trades as a music shop with a tenant who has been in occupation for over 15 years. All 4 of the flats are currently tenanted with 3 of the flats consisting of one bedroom and the other being a studio. They all benefit from central heating and double glazing, with some having had various upgrades recently and others needing some modernisation. There is potential to uplift the current rent passing once some work to the communal areas and flats has been carried out and based on a rental of £450pcm for the 1 bed flats and £350pcm for the studio this property could have an annual income circa £25,000pa.

LOCATION
The property is right on the Heart of Aigburth Road with plenty of shops, bars and restaurants within walking distance as well as close by Lark Lane and Sefton Park. Access to Liverpool City Centre is easy with plenty of public transport links direct there and to universities, making this a popular area for students and young professionals.

ACCOMMODATION
Retail unit: Ground floor retail with basement storage
Ground floor - flat 1 - Living room/bedroom, kitchen, bathroom
First & second floor - flat 2 (duplex) - bathroom, bedroom, living room/kitchen
First floor - flat 3 - Bedroom, bathroom, living room/kitchen
Second floor - flat 4 - Bedroom, bathroom, living room/kitchen
Outside: Small yard to the rear, on street parking

NB - Venmores have only inspected flat 2. All other information has been provided by the landlord. Tenancy details and exact rent passing per unit will be made available closer to the auction as part of the legal pack.

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.