FOR SALE BY ONLINE AUCTION 27TH MARCH 2024:
A large corner mixed-use property in a prime location on Smithdown Road and Gainsborough Road. Set across 3 floors, plus basement, the building provides a shop/retail floor and four self-contained flats. The property is fully let on 2 separate 5 year leases, until March with 2028, bringing a combined income of £24,059.64 per annum. The ground floor of 337 Smithdown Road is leased to an established letting agent. The upper floors are accessed via 2 Gainsborough Road and provide 3 x studio flats and 1 x two bedroom flat, all tenanted. The property is secured by way of roller shutters, has electric heaters and is predominantly double glazed. Outside there is a yard to the rear.
ACCOMMODATION
Lower Floor: Storage Basement.
Ground Floor: Retail/Shop floor, 2 offices, kitchenette, cloakroom.
First Floor Flat 1: 2 bedrooms, open plan lounge/kitchen/diner, shower room.
First Floor Flat 2: Studio - Open plan lounge/kitchen/bedroom, shower room.
Second Floor Flat 3: Studio - Hall, kitchen, open plan lounge/bedroom, bathroom.
Second Floor Flat 4: Studio - Open plan lounge/kitchen/bedroom, shower room.
Outside: Yard to the rear.
LOCATION
Located on the popular Smithdown road adjoining the corner of Gainsborough Road, within a busy parade of local shops and amenities. Liverpool city centre is approximately 2 miles away.
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 £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.