A mixed use investment property currently fully let producing approximately £15,000.00 per annum.
A part two/part three storey middle terraced property comprising of a ground floor retail unit currently let by way of a 3 year lease (just extended for 12 months) currently trading as 'The Chicken Shop' together with 2 self contained flats above (1 x 1 bedroomed and 1 x 2 bed) arranged over the ground and first/second floors both let by way of Assured Shorthold Tenancy agreements producing £4800 and £5400 per annum.
The property benefits from double glazing, central heating and electric roller shutters.
Fronting Eastbank Street in Southport's Town Centre close to local amenities, restaurants and bars.
'The Chicken Shop' - Main Sales Area with seating area, Kitchen, WC.
Lower Ground to the rear -
Flat 147b - Lounge, Kitchen, 2 Bedrooms, Bathroom/WC.
Flat 147a - Lounge, Kitchen, Bedroom, Bathroom/WC.
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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.
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.
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).