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Lot 40
Guide Price: £375,000*

Auction Date: Thursday 8th April 2021

Auction Venue: Online Virtual Auction, remote bidding only

Auction Time: 12:00


55 Derby Road, Huyton, Liverpool

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Addendum To Printed Catalogue

The guide price has been reduced to £375,000 plus

Property Description

A commercial Investment opportunity currently let to Bank of Scotland PLC by way of an 8 year FRI lease producing £48,750 plus vat per annum. We are advised that the current lease is due to expire in July 2021 however the occupant has requested to sign a new 5 year lease but terms are yet to be finalised. The property comprises of a two storey terraced property providing Retail Banking on the ground floor together with offices and staff welfare and plan room on the first floor.


Situated

In the Centre of Huyton village in a popular location within walking distance to local amenities and transport links.

Ground Floor

Retail banking area, Two offices, Counter Facility (188.54 sqm)

First Floor

Three offices, Staff Welfare facilities, WC facilities, Plant room (111.25 sqm)

Outside

Communal rear service yard.

N.B

Completion will be 27th May 2021. Please note Sutton Kersh have not internally inspected the property and all information has been supplied by the vendor.

VAT

May be payable on this lot unless the buyer opts to tax. GET READY TO BID BY VISITING THE AUCTIONEERS WEBSITE

Tenure

Leasehold


Listed By

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

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

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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).

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