No longer on the market
This property is no longer on the market
Map6 bedroom property
Key information
Features and description
- Investment Opportunity
- Mixed Use Property
- Total gross annual income £32,400.00
- 6 room HMO
- For Sale By 'Secure Sale' Terms & Conditions apply
We are please to offer to auction this mixed use investment opportunity. Spit over three floor the property comprises of a ground floor retail unit and a six bed HMO over the upper levels.
The building is full tenanted and is drawing in excess of £32,000 per annum, further details can be found in the legal pack.
Please note we have not inspected this property.
Rooms
Location
The subject property is based along Seabank Road, Wallasey. The property is close to the river Mersey and is close to local schools, amenities and transport links.
Accomodation
Briefly comprising of a ground floor commercial unit measuring 35sqm ((376sqft) source VOA) and a 6 room HMO over the first and second floors measuring 119sqm ((1280sqft) source EPC register)
Income
We are advised the commercial unit is let on a FRI lease at £5,400pa with the HMO aspect generating £4,500 per room per annum. Total gross annual income £32,400.00.
Tenure
Freehold. Title number MS310920
EPC
Available Upon Request (Rating E).
Rateable Value
The adopted rateable value is £2,550 as of the 1 April 2023.
Sourced by VOA.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
About this agent
