About this property

A three storey mixed use investment opportunity currently part let producing £32,240 per annum with a potential income when fully let of over £55,000.

A substantial corner property comprising of a ground floor commercial unit which until recently traded as The Tai Ping Chinese Restaurant. To the first and second floors accessed via a separate side entrance there are 9 self contained studio flats, 7 of which are currently let by way of rolling contracts and 2 have recently become vacant.

The ground floor would be suitable for a number of uses to include continued use as a Restaurant or conversion to provide a Wine Bar or residential element to provide self contained flats, subject to any consents.

The property benefits from double glazing, electric heating and steel roller shutters.

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 Smithdown Road on the corner of Russell Road on a busy main road position within close proximity to local shopping amenities such as Tesco Express and Shell Garage, Universities, transport links and approximately 4 miles from Liverpool City Centre.

Ground Floor

Restaurant - providing approx 86 Covers, Bar Area, Ladies & Gents WC's, Staff WC, Kitchen with walk in fridge.

First Floor

Studio 9 - Kitchen, Lounge/Bedroom, Bathroom/WC (Own Entrance)
Main Entrance Hallway
Studio 1 - Kitchen, Lounge/Bedroom, Bathroom/WC
Studio 2 - Kitchen, Lounge/Bedroom, Bathroom/WC
Studio 3 - Kitchen, Lounge/Bedroom, Bathroom/WC
Studio 4 - Kitchen, Lounge/Bedroom, Bathroom/WC

Second Foor

Studio 5 - Kitchen, Lounge/Bedroom, Bathroom/WC
Studio 6 - Kitchen, Lounge/Bedroom, Bathroom/WC
Studio 7 - Kitchen, Lounge/Bedroom, Bathroom/WC
studio 8 - Kitchen, Lounge/Bedroom, Bathroom/WC

Outside

Rear Yard, Store Room.

Photos
Map

292/294 Smithdown Road And 1 Russell Road, Liverpool

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* Reserve Price

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Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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