About this property

A Grade II listed Investment Property currently producing £45,000.00 per annum with potential to increase to over £50,000 per annum.

The property lies within a conservation area in a unique building and comprises of a ground floor retail unit together with three newly refurbished self contained flats to the ground floor (1x1 and 2x2 bed). Also to the lower ground floor which has recently been refurbished are several offices, communal kitchen and WC suitable for rental purposes or possible residential conversion.

The ground floor retail unit is let by way of a 5 year lease with 2 years remaining to LPS Property Consultants and the 3 flats are currently let by way of 12 month Assured Shorthold Tenancies. The property benefits from many unique features, original sash windows, electric heating and secure intercom systems. Please note the rent for this unit is due to increase in June to a minimum of £1,350 pcm.

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

Fronting Exchange Street East off Dale Street in the heart of the commercial district of Liverpool city centre within walking distance to Moorfields Station, local restaurants and shopping amenities.

Ground Floor Commercial Unit

Shop - Main Sales Area, WC. Meeting Room to lower ground floor.

Lower Ground Floor - Communal Kitchen & WC, Store Room. 4 Separate Offices.

Flat 1

Hall, Open Plan Lounge/Kitchen, 2 Bedrooms, Shower Room/WC.

Flat 2

Hall, Open Plan Lounge/Kitchen, 2 Bedrooms, Shower Room/WC.

Flat 3

Open Plan Lounge/Kitchen.

Lower Ground Floor - Bedroom, Shower Room/WC.

Outside

Shared Courtyard with feature Dome

NB

One of the offices on the lower ground floor will be let from 1st January 2016 for 6 month term with an income of £6,000 per annum. Please note we have received updated office copies for the two leasehold titles.
You will see that charge in favour of Lancashire Mortgage Corporation Limited is now registered against both titles and furthermore the commercial lease dated 9th January 1987 and registered against title number MS588920. We have received instructions from the seller that should this property successfully sell at auction that both himself and that Tenant will enter into a Deed of Surrender between exchange and completion. Therefore, the property will not be sold subject to this lease.

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

28 Exchange Street East, Liverpool

Arrange a Viewing / Enquire

We would love to hear from you

Simply fill in and send the form and one of our consultants will get in touch with you shortly. Please note all fields marked with * must be completed.

Your information is being collected and processed by Countrywide. All information will be processed in accordance with the General Data Protection Regulation. Full details of how we process your information can be found on our website Privacy Policy. Print copies of our privacy notice are available on request. If you need to discuss how your information is being processed, please contact us at privacy@countrywide.co.uk

Viewings

We are following Government Guidelines to allow viewings to take place on vacant lots. Where possible, we will upload 360° tours or video tours and internal pictures of lots on our website and we advise that you view these before booking a viewing. We would respectfully remind all parties that strict social distancing will be applied to viewings and facemasks must be worn. You will be allocated a strict 10-minute slot, must attend alone, and wear a facemask. We do ask for your patience, it may not always be possible to accommodate everyone, but we assure you our team is working hard to keep the property market open.

* 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)

NAEA propertymark logo

ARLA propertymark logo

We are a member of the Propertymark Client Money Protection Scheme
View CMP Certificate
Conduct & Membership Rules

The Property Ombudsman logo

^M