Lot 18 - Wednesday 6th September 2023 -North Star Pub 294 Laird Street, Birkenhead, CH41 8ER

FOR SALE BY ONLINE AUCTION 6TH SEPTEMBER 2023:

This 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 two years remaining, at rent of £500 per 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 and is partially tenanted with each room let at £95pppw. The potential Gross Annual Rental income, when fully let, is in excess of £73,000pa. 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.

LOCATION
On 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.

ACCOMMODATION
Public bar: Bar area, seating area, toilets, store, cellar
First floor: Kitchen, 5 x double bedrooms, Bathroom with 2 x shower cubicles & 2 x wc
Second floor: kitchen, 5 x double bedrooms, Bathroom with 2 x shower cubicles & 2 x wc
Outside: Yard to rear, on-street parking to front

TENURE: Freehold

COUNCIL TAX BAND: A

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 £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.