About this property

Addendum To Printed Catalogue

The ground rent is £23,000.00 per annum and not £2,250.00 per annum as stated in the brochure.


A leasehold retail parade investment and vacant upper floors with current rent reserved £45,350.00 per annnum. The property comprises 7 ground floor retail units and approx 26,496 sq ft of first and second floor offices, which are suitable for redevelopment subject to the necessary planning consents. There is parking for approximately 65 cars arranged over three car parks.

We have been advised drawings have been prepared for conversion of the upper floors to provide 30 apartments (29 x 2 bedroom and 1 x 1 bedroom) which are available for inspection at the auctioneers office however potential purchasers should make their own enquiries.

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

Between Kingsway and Widnes Road, adjacent to an Asda Supermarket and is easily accessed from the M52. The surrounding area consists mainly of mixed use property predominantly retail and residential.

Outside

Parking for approximately 65 cars.

VAT

We understand VAT is applicable to the purchase price.

Tenure

The property is held by way of a 99 year lease (47 years unexpired) leasehold interest from 31st March 1963 with a ground rent payable of £2,250.00 per annum.

Rental Income

The property is currently generating £45,350.00 per annum, however HSBC and UK Screening Solutions are both vacating the premises. When fully tenanted the potential rental income would be in the region of £59,750 with an additional possible income from the upper floors.

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

Broseley House, Widnes Road, Widnes, Cheshire

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Viewings

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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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