Auction Property Details

220-230 Rice Lane, Liverpool, L9 1DJ

Lot 36 - 20.11.2014

SOLD PRIOR

FOR SALE BY PUBLIC AUCTION ON THE 20TH NOVEMEBR 2014 AT THE LIVERPOOL TOWN HALL.

220 - 230 RICE LANE, LIVERPOOL, L9 1DJ

INVESTMENT

WHY BUY?
Block of 6 retail units
Producing £15,200 per annum
Off road parking
Busy main road location

DESCRIPTION: A substantial block of 6 retail units with ancillary/office accommodation to the first floors. The property is currently partially let producing an annual income of £15,200, with two units currently vacant. The retail units benefit from electric roller shutters plus off road parking spaces adjacent to the hairdressers. The block could offer future potential for the first floor to be returned to residential units subject to the relevant permissions and the relevant leases.

LOCATION: Fronting Rice Lane on the corner of Fazakerley Road in a busy main road location approximately 3 miles from Liverpool city centre.

ACCOMMODATION:
220 - 224 : Currently let on a 3 year lease from 13/12/2013 producing £10,000 per annum to include upstairs of 220 only
226 - 228 : Currently Vacant
230 : Currently let on a 3 year lease from 2/8/2011 producing £5,200 per annum, the lease has expired and the tenant is holding over.

NB:
The purchase price is subject to VAT

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.