Auction Property Details

166-168 Prescot Road, Fairfield, Liverpool, L7 0JD

Lot 59 - 20.11.2014

SOLD AFTER

FOR SALE BY PUBLIC AUCTION THURSDAY 20TH NOVEMBER 2014 AT LIVERPOOL TOWN HALL

166-168 PRESCOT ROAD, LIVERPOOL, L7 0JDA

WHY BUY?
Currently producing £18,540 per annum
Potential income in excess of £23,000 per annum
2 Retail units one with A5 consent
3 Self-contained flats

DESCRIPTION
A mixed use investment property comprising of two retail units with three self-contained flats to the upper floors, 1 x 2 bed and 2 x 1 bed, currently producing an income of £18,540 per annum with one retail unit vacant. The flats are all in good condition with recently installed Upvc double glazing throughout. Once the remaining retail unit is let the total potential income is in excess of £23,000 per annum.

TENANCIES
The retail unit at 168 is let on a 12 month lease at £400pcm. The three flats are let on ASTs at rents of £525pcm, £360pcm and £260pcm two of which are holding over. Copies of agreements are contained in the legal pack.

LOCATION
Fronting Prescot Road close to its junction with Freehold Street in the Fairfield district in a good main road position within walking distance of Newsham Park and approximately 2.5 miles from Liverpool City Centre.

ACCOMMODATION:

166: Ground Floor retail unit, store room, WC
First Floor: Landing, Large kitchen/diner, lounge, bathroom/WC
Second Floor: 2 Double bedrooms

168: Ground Floor retail unit, store room, WC
First Floor: Lounge, kitchen, bedroom, bathroom/WC
Second Floor: Lounge, kitchen, bedroom, bathroom/WC


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.