Lot 23 - Wednesday 25th May 2022 -The North Star Public House 294 Laird Street, Birkenhead, Birkenhead, Merseyside, CH41 8ER

For Sale by Online Auction 25th May 2022WHY BUY?10 x Bedroom fully HMO licencedRecently refurbished to high standardBar let on 10yr lease £24,000paFully double glazed & central heatedPotential income in excess £70,000paDESCRIPTIONThis is a large corner property that is configured to provide a fully trading public house as well as residential accommodation to the upper floors. The whole building has been recently refurbished to a high standard, in line with fire and safety regulations. The public House is on a 10-year lease with approximately 9yrs remaining at rent of £500per week/£24,000pa. The residential accommodation is accessed through a separate side entrance and spread over the first and second floors. There are 10 x lettable bedrooms, 2 x kitchens, 2 x large bathrooms with shared facilities. The property benefits from a full 10 Bed HMO licence, is mostly furnished and 8 out of the 10 rooms are currently tenanted at £80pppw. If however each room was let at £90pppw the potential income for the residential accommodation would be £46,800pa. Added to the income from the bar would total in excess of £70,000pa. This area has been primed for major regeneration and housing developments as part of the Wirral Waters project which is due to begin very shortly. LOCATIONOn the corner of Laird Street & Connaught Way, directly across from KFC & the BP garage before the junction with Hoylake Road and only a few minutes walk from Birkenhead North Rail Station. Birkenhead Park is also close by with Birkenhead Town Centre just 2 miles away. The property is conveniently located by the new Wirral Waters development area.ACCOMMODATIONPublic bar: Bar area, seating area, toilets, store, cellarFirst floor: Kitchen, 5 x double bedrooms, Bathroom with 2 x shower cubicles & 2 x wcSecond floor: kitchen, 5 x double bedrooms, Bathroom with 2 x shower cubicles & 2 x wcOutside: Yard to rear, on-street parking to front
AUCTION FEESThe sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1500 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.

For Sale by Online Auction 25th May 2022WHY BUY?10 x Bedroom fully HMO licencedRecently refurbished to high standardBar let on 10yr lease £24,000paFully double glazed & central heatedPotential income in excess £70,000paDESCRIPTIONThis is a large corner property that is configured to provide a fully trading public house as well as residential accommodation to the upper floors. The whole building has been recently refurbished to a high standard, in line with fire and safety regulations. The public House is on a 10-year lease with approximately 9yrs remaining at rent of £500per week/£24,000pa. The residential accommodation is accessed through a separate side entrance and spread over the first and second floors. There are 10 x lettable bedrooms, 2 x kitchens, 2 x large bathrooms with shared facilities. The property benefits from a full 10 Bed HMO licence, is mostly furnished and 8 out of the 10 rooms are currently tenanted at £80pppw.  If however each room was let at £90pppw the potential income for the residential accommodation would be £46,800pa.  Added to the income from the bar would total in excess of £70,000pa. This area has been primed for major regeneration and housing developments as part of the Wirral Waters project which is due to begin very shortly. LOCATIONOn the corner of Laird Street & Connaught Way, directly across from KFC & the BP garage before the junction with Hoylake Road and only a few minutes walk from Birkenhead North Rail Station. Birkenhead Park is also close by with Birkenhead Town Centre just 2 miles away. The property is conveniently located by the new Wirral Waters development area.ACCOMMODATIONPublic bar: Bar area, seating area, toilets, store, cellarFirst floor: Kitchen, 5 x double bedrooms, Bathroom with 2 x shower cubicles & 2 x wcSecond floor: kitchen, 5 x double bedrooms, Bathroom with 2 x shower cubicles & 2 x wcOutside: Yard to rear, on-street parking to front