Auction Property Details

72-76 Prescot Road & 2 Lilley Road, Fairfield, Liverpool, L7 0JA

Lot 21 - 11.02.2015

SOLD AFTER

FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 11TH FEBRUARY 2015 AT THE LIVERPOOL TOWN HALL.

72-76 PRESCOT ROAD & 2 LILLEY ROAD, FAIRFIELD, LIVERPOOL, L7 0JA

INVESTMENT

WHY BUY?
Substantial mixed use premises
Producing £30,000 per annum
4 refurbished self-contained flats
Central heating and double glazing to all flats
Large interconnecting retail unit with potential to split if required

DESCRIPTION:
A substantial block of three Victorian terraces comprising of a large interconnecting retail unit to the ground floor with four spacious self-contained flats to the upper floors. The flats consist of two large one bedroom units and two large three bedroom units, all having been fully refurbished to a good standard with modern fitted kitchens, new bathrooms, all gas centrally heated, fully rewired and Upvc double glazing throughout. The large retail unit could easily be reinstated back to three separate units if required. The property is fully let producing £30,000 per annum and offers an excellent return on investment with the possibility to further increase the income on the retail units.

LOCATION: Situated fronting Prescot Road on the corner of Lilley Road approximately 1.5 miles from the city centre in an area with a high demand for rented accommodation.

ACCOMMODATION:
Ground floor: Large interconnecting retail unit, office, rear treatment room, store, kitchen, WC, currently let producing £700pcm
Flat 1: First Floor No2 Lilley Road, hall, large lounge, fitted kitchen/diner, double bedroom, bathroom/WC - currently let on an AST at £400pcm
Flat 2: Second Floor No2 Lilley Road, hall, large lounge, fitted kitchen/diner, double bedroom, bathroom/WC - currently let on an AST at £400pcm
Flat 3: First & Second Floors No74 Prescot Road, hall, large lounge, fitted kitchen/diner, 3 double bedrooms, bathroom/WC - currently let on an AST at £500pcm
Flat 4: : First & Second Floors No72 Prescot Road, hall, large lounge, fitted kitchen/diner, 3 double bedrooms, bathroom/WC - currently let on an AST at £500pcm

NB: We have been informed on 10/2/15 that the shop is now vacant.

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.