Three retail units with three maisonettes on upper floors
Three miles north-west of Liverpool City Centre
Forms part of popular local retail parade
Lot 73
Auction 18th October 2018
Rent £22,500 per Annum Exclusive
Status Sold
Price £200,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Fund Manager
Property Information
Location
Miles
3 miles north-west of Liverpool
Roads
A551, A59, M53 (Junction 1)
Rail
Wallasey Village Rail
Air
Liverpool John Lennon Airport
Situation
Wallasey is a busy Liverpool suburb located approximately 3 miles from Liverpool City Centre at the north-eastern corner of the Wirral Peninsula. Wallasey Road comprises a busy local retail parade and is the main arterial route between Wallasey Village and Liscard, Wallasey’s primary retailing area.
Tenure
Freehold.
Location
Miles
3 miles north-west of Liverpool
Roads
A551, A59, M53 (Junction 1)
Rail
Wallasey Village Rail
Air
Liverpool John Lennon Airport
Situation
Wallasey is a busy Liverpool suburb located approximately 3 miles from Liverpool City Centre at the north-eastern corner of the Wirral Peninsula. Wallasey Road comprises a busy local retail parade and is the main arterial route between Wallasey Village and Liscard, Wallasey’s primary retailing area.
Tenure
Freehold.
Description
The property comprises three ground floor retail units with three self-contained three bedroom maisonettes on first and second floors. One of these flats has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises three ground floor retail units with three self-contained three bedroom maisonettes on first and second floors. One of these flats has been let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reversion
148
Ground
Retail
49.14 sq m
(529 sq ft)
INDIVIDUAL t/a Paradise Tanning
5 years from 07/08/2017 (1)
£7,500
06/08/2022
146
Ground
Retail
62.33 sq m
(671 sq ft)
INDIVIDUAL t/a KL Food & Wine
7 years from 28/09/2012
£7,500
27/09/2019
144
Ground
Retail
43.57 sq m
(469 sq ft)
CHARITY SHOP (2)
148a
First/Second
Residential
3 Bed Maisonette
INDIVIDUAL
35 years from 06/08/1985
£2,400
20/11/2020
146a
First/Second
Residential
3 Bed Maisonette
INDIVIDUAL
AST from 17/07/2017
£5,100
26/08/2019
144a
First/Second
Residential
3 Bed Maisonette
INDIVIDUAL
999 years from 08/02/1991 (3)
Peppercorn
07/02/2990
Total
155.04 sq m
(1,699 sq ft)
£22,500
(1) The lease provides an option to determine on 07/08/2020. (2) The unit is currently occupied by a charity on a short term agreement, which can be terminated on 2 weeks’ notice (3) The seller has served notice on the residential tenants, pursuant to Section 5B of the Landlord & Tenant Act 1987.
