Lot 14 - Wednesday 11th July 2018 -7-9 Walton Road, Liverpool, Liverpool, Merseyside, L4 4AD

For Sale by Auction 11th July 2018WHY BUY?William Hill let on 20yr lease4 x 1 Bedroom self contained flatsBasement with potential for developmentClose to Liverpool City CentreStrong Rental AreaDESCRIPTIONA substantial 3 storey and basement freehold investment with retail unit to the ground floor and self-contained residential accommodation to the upper 2 floors. The retail accommodation is currently let to William Hill on an FRI lease for 20 years commencing 7th May 2010 at a rent of £5,850 per annum, with an outstanding upwards only rent review from 2015 and subsequent rent reviews every 5 years of the term. The residential accommodation comprises of four x 1 bedroom self-contained flats all accessed from a separate side communal entrance. 2 the flats are currently tenanted on AST agreements at approx £400pcm. Each flat benefits from double glazing and central heating, modern kitchens and shower rooms. The potential annual income is in excess of £25,000 per annum fully occupied. LOCATIONSituated in a busy main road location within a neighbourhood retail parade fronting Walton Road approximately 1.5 miles north of the city centre.

ACCOMMODATION
:Basement: Large and expanding over whole footprint with potential to develop subject to consentsGround Floor: Large retail unit let to William Hill on 20yr FRI lease from 2010Flat 1 - First Floor: lounge, bedroom, kitchen, bathroom, Flat 2 - First Floor: lounge, bedroom, kitchen, bathroomFlat 3 - Second Floor: lounge, bedroom, kitchen, bathroomFlat 4 - Second Floor: lounge, bedroom, kitchen, bathroomOutside: Yard to rear

AUCTION FEES

The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1000 + 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 Auction 11th July 2018

WHY BUY?

William Hill let on 20yr lease4 x 1 Bedroom self contained flatsBasement with potential for developmentClose to Liverpool City CentreStrong Rental AreaDESCRIPTIONA substantial 3 storey and basement freehold investment with retail unit to the ground floor and self-contained residential accommodation to the upper 2 floors. The retail accommodation is currently let to William Hill on an FRI lease for 20 years commencing 7th May 2010 at a rent of £5,850 per annum, with an outstanding upwards only rent review from 2015 and subsequent rent reviews every 5 years of the term. The residential accommodation comprises of four x 1 bedroom self-contained flats all accessed from a separate side communal entrance. 2 the flats are currently tenanted on AST agreements at approx £400pcm.  Each flat benefits from double glazing and central heating, modern kitchens and shower rooms.  The potential annual income is in excess of £25,000 per annum fully occupied. LOCATIONSituated in a busy main road location within a neighbourhood retail parade fronting Walton Road approximately 1.5 miles north of the city centre.

ACCOMMODATION

:Basement: Large and expanding over whole footprint with potential to develop subject to consentsGround Floor: Large retail unit let to William Hill on 20yr FRI lease from 2010Flat 1 - First Floor: lounge, bedroom, kitchen, bathroom, Flat 2 - First Floor: lounge, bedroom, kitchen, bathroomFlat 3 - Second Floor: lounge, bedroom, kitchen, bathroomFlat 4 - Second Floor: lounge, bedroom, kitchen, bathroomOutside: Yard to rear

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1000 + 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.