Ellison Motors Pighue Lane, Liverpool, L13 1DG
Lot 33 - 20.11.2014
FOR SALE BY PUBLIC AUCTION THURSDAY 20TH NOVEMBER AT LIVERPOOL TOWN HALL
ELLISON MOTORS, PIGHUE LANE, LIVERPOOL, L13 1DG
Large split commercial unit
2 units with current tenants
1 unit with vacant possession
Rent passing £19,240pa
This is a large, Freehold terrace row of commercial/industrial units on Pighue Lane that has been split to provide 1 x large MOT service garage & yard which has been trading as Ellison Motors for over 40 years and has a fantastic regular customer base. This unit benefits from front and side electric roller shutters and a large side yard. This unit will be sold with vacant possession. The rest of the overall terrace consists of another motor repair garage in the centre tenanted at £240pw inclusive of bills and to the end of the terrace some lock up garages and also a car paint/scratch workshop tenanted at a passing rent of £130pw inclusive.
The overall site is in need of some repair and works but is on a well established industrial road for vehicle maintenance & MOT. If the vacant unit was rented for £350pw/£18,200 there is the potential to have an overall annual income in the region of £37,500pa, which if purchased at £150,000 could offer a potential yield of 25%.
Pighue Lane can be accessed from Edge Lane & also Rathbone Road and the unit is situated right at the end of the road joining at the Rathbone Road Junction. There are numerous industrial and commercial units on Pighue Road and it is sandwiched between Edge Lane Retail Park and Wavertree Technology Park. Liverpool city centre is only 4 miles away and the M62 is just over 1 mile away.
Main unit(Ellison Motors): 6021 Sqft / 559.45 sqm
Middle unit: 2560 sqft / 237.80 sqm
End unit: 4496 sqft / 417.07 sqm
*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.
26th October 2016 1.00pm
Council Chambers, Liverpool Town Hall, High Street, Liverpool, L2 3SW
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