Auction 25 - Lot 7




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29 & 29a CROSBY ROAD NORTH, LIVERPOOL, L22 0LD

ESTIMATED RENTAL VALUE - £17,500 p.a

INVESTMENT

WHY BUY?
- Estimated gross yield - 10%
- Recent 15 Year FRI lease
- Main Road location
- Excellent return on investment
- 3 Bedroom duplex apartment

DESCRIPTION/ LOCATION
The property comprises of a ground floor retail unit which is currently operating as a Pizza Takeaway business. On the upper floors is a three bedroom duplex apartment. The property has a recent 15 year FRI lease in place, at a rental of £17,500 per annum.

The property is situated in the Waterloo district of Merseyside, approximately 3 miles north of Liverpool city centre. The property fronts onto the main road heading north out of the city. Waterloo Train station is within five minutes walking distance.

ACCOMMODATION
At the time of our inspection we were unable to gain access, we are advised the property has the following configuration.

GROUND FLOOR: Customer Sales area, Kitchen, Food preparation area

FIRST FLOOR: Kitchen, Shower room/W.C, Living room, bedroom 1, bedroom 2

SECOND FLOOR: Bedroom 3

Information packs:

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29/29a,Crosby Road North,Liverpool,Merseyside
L22 0LD

RESERVE PRICE £165,000

The auction for this lot was held at 14:00:00 GMT on 24/09/2010