About this property

Addendum To Printed Catalogue

The guide price has been reduced £375,000 plus


A plot of land benefiting from planning permission granted on 18th October 2017 to erect a four storey building consisting of a commercial unit (uses within clasesses A1, A2, A3, D1) to the ground and lower ground floors and 3 x 5 bedroomed apartments (uses within clases C3, C4) to the first, second and third floors. Plans can be found on the council website using the planning reference: 17F/1294.

The potential rental income after works have been completed is between £129,600 - £143,900 per annum. These rental values have been quoted to the vendor and a copy of the letter is provided within the legal pack.

The buyer also has the option to purchase the selling company which holds the assett, therefore saving on SDLT.

Listed By

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

t. 0151 207 6315
f. 0151 207 6316
auctions@suttonkersh.co.uk

Full Description

Situated

The site is well located in the heart of Liverpool City Centre on the north side of Duke Street close to its junction with Berry Street. Numerous multiples occupy nearby properties and the open spaces of St James Mount & Gardens are a short walk away. Transport links are provided by Liverpool Central rail station.

Proposed Accommodation

Lower Ground Floor Retail Unit (150 sq m)

Restaurant Area (Approx 50 Covers), Waiter Station, Store Room, Plant Room, Three WCs.

Ground Floor Retail Unit (160 sq m)

Cafe/Bar/Retail Area, Kitchen, WC, Store Room.

First Floor Flat (131 sq m)

Reception Room/Dining Area, Kitchen, Five Bedrooms Each with En-Suite Shower Rooms.

Second Floor Flat (131 sq m)

Reception Room/Dining Area, Kitchen, Five Bedrooms Each with En-Suite Shower Rooms.

Third Floor Flat (131 sq m)

Reception Room/Dining Area, Kitchen, Five Bedrooms Each with En-Suite Shower Rooms.

GUIDE PRICES & RESERVE PRICES

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.

Photos
Map

Land At 183-185 Duke Street, Liverpool

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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.

Buyer's 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 £1,800 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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