Liverpool
Exeter
Wales
Current Auction
Previous Auction

Lot 40
Guide Price: £750,000*

Auction Date: Thursday 16th July 2020

Auction Venue: Online Virtual Auction, remote bidding only

Auction Time: 12:00


The Penny Lane Hotel, 3-5 Smithdown Place, Liverpool

View large map

Property Description

A fantastic opportunity to acquire the 'The Penny Lane Hotel'. The property comprises of a three storey terrace property providing 17 hotel rooms complete with en-suites, a breakfast area and reception to the groud floor and a disabled lift to the first floor. The property is Freehold and will be offered fully furnished to include all fixtures and fittings. There is potential for change of use to provide an HMO Investment opportunity or student accommodation, subject to any planning consents. If consent is given and the property was fully let the potential rental income is approximately £110,000 per annum. The property was converted 8 years ago and is fitted out to a very good standard. Planning Ref No: 12F/2438


Situated

On the corner of Smithdown Road and Church Road in a very popular location in South Liverpool with easy access to local amenities and Allerton Road bars and restaurants, approximately 4 miles from Liverpool City Centre.

Basement

Kitchen, 2 Store Rooms.

Ground Floor

Entrance into Breakfast Area and Reception (34 covers) and disabled list to ground floor only. Disabled WC's, Communal WC's, Store and Boiler Room.

Ground Floor

3 Rooms with En-Suites.

First Floor

8 Rooms with En-Suites.

Second Floor

6 Rooms with En-Suites.

Outside

Yard to the rear. GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

Listed By

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

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

Make An Enquiry...

Fields marked * are required.


Your information is being collected and processed by Countrywide. All information will be processed in accordance with the General Data Protection Regulation. Full details of how we process your information can be found on our website Privacy Policy. Print copies of our privacy notice are available on request. If you need to discuss how your information is being processed, please contact us at privacy@countrywide.co.uk

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.

Buyers Fee

A successful purchaser will also be required to pay a Buyer’s Administration Charge of 1.2% of the purchase price subject to a minimum fee of £1,500 including VAT (unless stated otherwise within the property description in the catalogue) by debit card or bank transfer.

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).

Property Auctions South West Logo

Next auction
4th April at 12 noon
View Lots

Covering the South West of England

propertyauctionsouthwest.co.uk

John Francis Logo

Next auction
15th May at 3pm
View lots

Covering Wales

johnfrancis.co.uk

Sutton Kersh Logo

Next auction
4th April at 12 noon
View Lots

Covering the North West of England

suttonkersh.co.uk

Want to talk to someone?

Contact our regional offices by telephone