Lot 44 - Wednesday 27th March 2024 -91-93 Brighton Street, Wallasey, CH44 6QL

FOR SALE BY ONLINE AUCTION 27TH MARCH 2024:

A high yield opportunity with large corner, three storey property, located in a popular residential and commercial area in Wallasey, opposite the Town Hall. It is configured to provide a convenience store to the ground floor and 4 x one-bedroom flats to the upper floors. The retail unit is currently let on a long lease at £13,000pa, and the flats are currently let at £400pcm. This provides a combined annual rental income of £32,200 per annum, almost 15% yield on the Guide Price.

ACCOMMODATION
Ground Floor: Convenience Store - Shop Floor/Area, Sales Counter, Storage, Cloakroom
First Floor Flat 1 – Bedroom, Bathroom, Kitchen, Living Room; Flat 2 - Bedroom, Bathroom, Kitchen, Living Room
Second Floor: Flat 3 - Bedroom, Bathroom, Kitchen, Living Room; Flat 4 - Bedroom, Bathroom, Kitchen, Living Room.
Outside: Yard to Rear, On-Street Parking to Front.

LOCATION
Brighton Street is part of the main through road from Seacombe Ferry to New Brighton. Brighton Street meets King Street, which then meets Seabank Road. This property is located opposite the Wallasey Town Hall.

TENURE: Freehold

COUNCIL TAX For Flats: 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 £1800 + 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.