Auction Property Details

140 - 142 Prescot Road, Fairfield, Liverpool, L7 0JB

Lot 8 - 05.06.2014

POSTPONED

FOR SALE BY PUBLIC AUCTION

140-142 PRESCOT ROAD, LIVERPOOL, L7 0JB

COMMERCIAL/RESIDENTIAL

WHY BUY?
2 x commercial units
3 x flats
Good rental area
Potential to add value

DESCRIPTION
This is a large corner property providing a retail unit, lock-up store and 3 x 1 bedroom flats over 3 storeys. The retail unit is currently tenanted at a rental of £303.00 pcm on a three years lease commencing in June 2014. The rest rest of the units are vacant. The flats are in need of refurbishment but following a scheme of works the property has the potential to achieve rental income in excess of £15,000 fully occupied if rented for only £325pcm. The flats are accessed through separate entrances in the rear. Some of the flats benefit from central heating.

LOCATION
At the corner of Prescot Road and Rawlins Street in Fairfield. The property is about 1 mile from the Royal Liverpool Hospital and 2 miles from Liverpool City Centre. There are numerous shops, bars and amenities on Prescot Road and Kensington within easy walking distance and good public transport links to the City Centre.

ACCOMMODATION
140 Prescot Road: Retail unit with roller shutters trading as a convenience store
142 Prescot Road: Lock up unit with roller shutter and basement storage (Venmores were unable to inspect so can't confirm these details are correct)
142 Prescot Road: Flat 1 - ground floor, 1 bedroom, kitchen/dining, shower room, separate wc
142 Prescot Road: Flat 2 - first floor, living room, bedroom, kitchen/dining room, shower room/wc
142 Prescot Road: Flat 3 - second floor, living room, bedroom, bathroom, dining/kitchen

NB - The accommodation to the upper floors of 140 Prescot Road are not included in this sale

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.