Auction Property Details

41 Walton Vale, Liverpool, L9 4RF

Lot 7 - 11.02.2015

SOLD PRIOR

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

41 WALTON VALE, LIVERPOOL, L9 4RF

MIXED USE

WHY BUY?
Deceptively large retail unit
Approximately 1,250sq ft
1/2 self contained flats
Potential to add value
Busy Pedestrian Road

DESCRIPTION
This is a deceptively large retail unit that has been extended to the rear. Ground Floor sales area 950 sq ft with rear storage area 290sq ft - measurements approximate only. The property also benefits from a office / potential 1 bedroom flat and a 2 bedroom flat to the upper floors that are in need of finishing work prior to renting. The retail unit previously traded as a ladies clothes outlet and had been trading successfully for over 10yrs as Crucial Clothing before the owners retirement early this year. The retail unit consists of shop floor with floor to ceiling glass windows & doors to the shop front, with store, wc & kitchenette in the rear. The shop benefits from electric roller shutters, ceiling spots & security alarm.
To the upper floors and accessed separately from the rear of the building there is a one bed flat & two bed flat. Both flats benefit from double glazing and one has a new bathroom suite fitted. They both require a scheme of refurbishment prior to letting.

Based on a potential rental of £200pw rent on the retail unit, £350pcm on the one bedroom flat, and £475pcm on the two bedroom flat, there is the potential to realise an annual income in the region of £20,000pa fully occupied.

LOCATION
The property is on Walton Vale an extremely busy road with numerous different retail shops all currently trading. There is a very high footfall on the road and many shops have been thriving here for decades. Next door to a solicitors with an estate agents and a boots chemist to the other side.

ACCOMMODATION
Retail unit: Shop floor, rear store, wc, kitchenette
First floor flat: Bedroom, kitchen, living room, wc
Second floor flat: Bathroom, store, kitchen, bedroom 1, living room
Attic: Bedroom 2, large low ceiling store room



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.