An opportunity to acquire the former and well known "Lady Jade" Restaurant together with a 3 bedroomed maisonette to the first and second floors, accessed via a separate front entrance. The restaurant has been trading for over 14 years and is suitable for immediate continued use benefitting from A4 Use and is fully Licensed. Alternatively the property would be suitable for a number of uses, subject to any relevant consents. The potential rental income is approximately £12,000 per annum.
To the first and second floors there is a 3 bedroomed maisonette which would be suitable for occupation or investment purposes. The potential rental income is approximately £7200 per annum.
The property benefits from double glazing, central heating and electric roller shutters to the ground floor.
Fronting St. Oswald's Street at it's junction with Prescot Road in a popular and well established residential location within walking distance to Edge Lane Retail Park, Old Swan amenities, schooling and approximately 3 miles to Liverpool City Centre.
Providing approx 34 covers, Bar Area, Ladies and Gents disabled W.C's, Prep Room, Kitchen, Walk-in Fridge.
Flat 19a - Hallway, Lounge, Dining Room, Kitchen, Bathroom/WC
Disclaimer: On some client's instructions not all properties are available to purchase prior to auction however we will submit all offers on your behalf.
* 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.
A successful purchaser will also be required to pay a Buyer's Administration charge:
Blundells Property Auctions - £950+VAT (£1140 including VAT @ 20%)
Sutton Kersh Auctions - £850+VAT (£1020 including VAT @ 20%)
Countrywide Property Auctions - £750+VAT (£900 including VAT @ 20%)
(unless stated otherwise within the property description in the catalogue) by cheque, bankers draft or debit card made payable to Countrywide.
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).