Addendum To Printed Catalogue
Ground floor license has been temporarily suspended, to be reviewed in April.
A three storey mixed use terraced property comprising of 2 Bars on the ground floor and basement together with 2 self contained flats on the upper floors. (1 x 1 Bed and 1 x 2/3 Bed), accessed via a separate front entrance. The property has recently been refurbished to a high standard to include state of the art CCTV throughout, double glazing and central heating.
The ground floor Bar is currently trading on a rolling contract at a rental of £1200 pcm. The 2 flats are currently let for a term of 12 months by way of Assured Shorthold Tenancies producing £10,500 per annum. The total net rental income is currently £24,900 per annum. The lower ground bar is vacant and suitable for immediate trading.
Alternatively the property would be suitable for conversion to provide a 15 Bed HMO investment property, subject to any necessary consents,and if let at £70pppw the potential income would be in excess of £54,000.
The Bar's and the Flats are currently on separate Titles.
Fronting Argyle Street within close proximity to Birkenhead Town Centre amenities and Transport Links.
Bar area, Snug Room, Ladies & Gents W.C, Store/Pump Room.
Bar area, W.C, Private VIP area, Dance Floor, stairs to Ladies & Gents WC's
Flat A - Hall, Bedroom, Living Room/Dining Room, Kitchen, Bathroom/WC with walk in shower
Flat 2 - Hall, 2/3 Bedrooms, Living/Dining Room, Kitchen, Bathroom/WC
Rear Yard/Fire Escape
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).