Lot 42 - Thursday 4th April 2019 -18 Allerton Road, Mossley Hill, Liverpool, Merseyside, L18 1LN

For Sale by Auction 4th April 2019





WHY BUY?



Large corner property

Let to 2 x long standing tenants

Current income of £23,250

Good passing traffic/footfall



DESCRIPTION

This property is the end terrace corner section of a  property which has been knocked through and that is currently let by way of a 10 year lease, the ground floor to Entwistle Green Estate Agents from January 2016 with a rent review and tenant break clause for January 2021 and the upper floor to J.M Abbott Solicitors on a 5 year lease from February 2015. The total combined annual income currently stands at £23,250. Ideal as a long term investment or for a SIPP fund with yield returns in excess of 10%. As this property is commercial it will also be on a lower rate of Stamp Duty than a residential investment of similar value. 



LOCATION

On the corner of Allerton Road and Carsdale Road, at the end of a busy parade of retail units, mainly consisting of estate agents & solicitors. There are numerous shops, bars and restaurants within a short walk, while Liverpool City Centre is only 4 Miles away. 





ACCOMMODATION



Ground floor: Let to Entwistle Green estate agents at £16,750pa

First floor: Let to J.M Abbott Solicitor at £6,500pa

Outside: Yard and garage to rear, on-street parking to front



NB - The end two terraces have been knocked through to house the commercial tenants, but this sale is only for the end terrace section - please see title plan in the legal pack for exact boundaries.  





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.