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14 Upton Road, Wirral, Merseyside
14 Upton Road, Wirral, Merseyside14 Upton Road, Wirral, Merseyside14 Upton Road, Wirral, Merseyside14 Upton Road, Wirral, Merseyside14 Upton Road, Wirral, Merseyside14 Upton Road, Wirral, Merseyside

Lot 110
Guide Price: £150,000*

Auction Date: Wednesday 29th March 2017

Auction Venue: The Crowne Plaza Liverpool, 2 St Nicholas Place, Liverpool L3 1QW


14 Upton Road, Wirral, Merseyside

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Addendum To Printed Catalogue

The total rental income is £14,400 for the whole building and not as stated in the catalogue.

Property Description

A mixed use Investment Property currently producing a rental income of £19,600 per annum. A detached double fronted part two/part single storey property comprising of a ground floor Restaurant holding 75 covers, together with a 1 bedroomed flat above accessed via a separate side entrance. The property benefits from original windows, gas central heating and a beer garden. The Restaurant is trading as "The Old Bank Bistro" and currently let by way of a 5 year Lease producing an income of £14,500 per annum. The flat is currently let by way of a rolling 6 month Assured Shorthold Tenancy producing £5100.00 per annum.


Situated

Fronting Upton Road at it's junction with Hoylake Road in an established location and retail parade amongst local and multiple traders and within easy reach of Moreton Train Station.

Cellar

Boiler Room

Ground Floor

Main Restaurant with 75 covers and Bar Area, Kitchen/Prep Room, Office, Storeroom, Ladies & Gents WC's

Flat

Hall, Kitchen, Bathroom/WC, Bedroom, Lounge

Outside

Beer garden. Open car park to rear.

* Guide Price

An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve Price

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyers Fee

A successful purchaser will also be required to pay a Buyer's Administration charge of £750+VAT (£900 including VAT @ 20%) (unless stated otherwise within the property description in the catalogue) by cheque made payable to Countrywide.

Legal Packs

You are bidding on the basis that you have made all necessary enquiries, particularly in respect of lots the auctioneer has not inspected or had initial sight of tenancy details, and have checked the General and Special Conditions of Sale and are satisfied that you fully understand their content. Please note that some legal packs may contain additional fees (such as the requirement for the seller to pay the vendor's legal fees).

Listed By

Sutton Kersh - Auctions
2 Cotton Street,
Liverpool,
L3 7DY

t. 0151 207 6315
f. 0151 207 6316
auctions@suttonkersh.co.uk

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