Addendum To Printed Catalogue
This property has been sold prior.
A mixed used investment opportunity currently fully let producing £33,280 per annum.
A substantial three-storey corner property comprising of 2 ground floor retail units together with 4 self-contained flats above (2x3 bed, 1x2 bed, 1x1 bed) accessed via a separate side entrance. The ground and first floors of 542 have been sold off on a long lease.
'Gyros Grill' occupies one of the ground floor retail units by way of a 5 year lease commencing January 2019 at a rental of £6,960 per annum. The second retail unit is occupied by 'Mini Chic Boutique' by way of a 5 year Lease commencing January 2019 at a rental income of £4,800 per annum.
The flats are all currently let by way of Assured Shorthold Tenancies producing £19,680 per annum.
The property is in good condition and benefits from double glazing, central heating and steel roller shutters.
Fronting Prescot Road (A57) on the corner of Batley Street, one of the main arterial routes linking the City Centre to the M62 Motorway within close proximity to local shopping amenities, Edge Lane and approximately 4 miles from Liverpool City Centre.
Shop - Gyros Grill - Main Sales area, Rear kitchen, Prep room, WC. (701sq.ft)
Shop - Mini Chic Boutique - Main Sales area, Rear room, Kitchen, WC. (538sq.ft)
Flat 1 - Open plan Lounge/ Kitchen, 2 Bedrooms, Bathroom/WC. (512sq.ft)
Flat 2 - Lounge, Kitchen, Bedroom, Bathroom/WC. (405sq.ft)
Flat 3 - Open plan Lounge/ Kitchen, 3 Bedrooms, Bathroom/WC. (656sq.ft)
Flat 4 - Open plan Lounge/ Kitchen, 3 Bedrooms, Bathroom/WC. (816sq.ft)
Yard to the rear
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).