Lot O15 - 29 Warbreck Moor, Aintree, Merseyside, L9 4RW

  • Unconditional Online Auction Sale
  • * Reserve not to exceed : £40,000

Freehold Shop and Residential Ground Rent Investment

  • Comprises a shop and a flat (sold off)
  • Town Centre Location
  • Shop let on a new 5 year lease
  • No VAT applicable

Tenure

Freehold

Location

The property is located on the north side of Warbeck Moor, between its junctions with Caldy Road and Sydney Street.
Occupiers close by include Ladbrokes, Pizza Hut Delivery, Subway, Lloyds Bank, NatWest Bank, Tesco Express, and William Hill amongst others.

Description

The property is arranged on ground and two upper floors to provide a ground floor shop, presently trading as a hairdresser with residential accommodation above, which has been sold off on a long lease.

VAT

VAT is not applicable to this lot.

Current Rent

Total Current Rents Reserved £6,000 p.a.

Buyers Fee

Buyers Fee - The successful purchaser will be required to pay the auctioneers administration fee of £600 inclusive of VAT. Other additional costs/fees may apply please see Special Conditions of Sale.


Log in to view your status

Sold for £45,000

This auction lot is now closed.

Auction Ended

Connecting to server...

* Reserve not to exceed:
£40,000
Gross initial yield:
15.0%
No. Present Lessee Accommodation Terms of Lease Agreement Current Rent £ p.a Next Review / Reversion
29 L Achilleous Gross Frontage
Net Frontage
Built Depth
6.9 m
6.0 m
11.5 m
(22' 8")
(19' 8")
(37' 9")
5 years from 1.07.2018 £6,000 p.a. Reversion 2023
29A & 29B C&D Property Management Limited Residential First and Second Floors 999 years from 23.05.2008 Peppercorn Reversion 3007
Total £6,000 p.a.

  • * The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price.
  • The Reserve Price will only be disclosed once it has been met during bidding and not before.
  • The term "reserve not to exceed £..." means that the seller's lowest acceptable sale price will not exceed the quoted figure. The reserve price will not be set above this figure. However, it could be set at, or indeed below, the "reserve not to exceed" figure stated.
  • Reserve prices are subject to change up to the date of the auction.
  • At the commencement of marketing a starting price is to be announced. The starting price will be published 24 hours before bidding opens.
  • Lots may be withdrawn prior to auction.