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Guide Price: £250,000*

Auction Date: Thursday 10th September 2020

Auction Venue: The Hilton Hotel, 3 Thomas Steers Way, Liverpool L1 8LW

Auction Time: 12:00


1 Melling Road, Liverpool

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Property Description

A substantial three storey plus cellar detached property comprising a ground floor restaurant/bar which has until recently traded as the well known "One Melling Road". To the first and second floors, accessed via a separate side entrance, there are 5 rooms which we have been advised were previously used for Beauty Therapy with a communal lounge and kitchen. There is also a garage to the side which has the capacity for two cars and also benefits from planning permission for a Cafeteria. The ground floor would be suitable for a number of uses to include continued use as a Restaurant being fully fitted out to include all fixtures and fittings and a polished Rosewood wooden floor, or alternatively conversion to provide self-contained flats, subject to obtaining the necessary consents. The property is in good order throughout and benefits from double glazing, central heating, electric roller shutters, secure intercom system, CCTV and a double garage. The rooms are all fully furnished and ready for immediate let. The potential income when fully let is approximately £40,000 per annum.


Situated

On the Corner of Melling Road and Warbreck Moor within walking distance to Aintree Racecourse, local transport links and amenities. Approximately 6 miles from Liverpool City Centre.

Cellar

Chilled Cellar (Not Inspected)

Ground Floor

Restaurant/Bar (60 Covers), Kitchen, Prep room, Walk-in Fridge, Ladies and Gents WC's, Disabled WC's. Side Entrance - Main Entrance Hallway with secure intercom system.

First Floor

Communal Lounge and Kitchen, 2 x WC's, 1 Bedroom, Office/Bedroom

Second Floor

3 Bedrooms, Shower room/WC

Outside

Store Room, Staff Room, Rear Yard accessed via Warbreck Moor for deliveries, Double Garage. GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

Tenure

Freehold


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* 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).

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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