Kingsway Huyton L36

90,000 Guide Price

 

Commercial

 
 
Kingsway Huyton L36
 
 
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Overview

  • For Sale by Auction - T & C's apply
  • Subject to an undisclosed Reserve Price
  • Reservation Fee applicable
  • The Modern Method of Auction
  • Freehold Investment for sale with mixed use (tenant in situ)
  • Ground floor shop with
  • 3 bedroom flat above
  • Close proximity to Huyton Village
  • EPC TBC

Summary Details

Potential rental income of £12,300 per annum. Over 12% Gross rental yield! This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by the North West Property Auction powered by iam-sold Ltd Excellent freehold investment opportunity of a mixed use unit ideally situated on the busy Kingsway, Huyton. The building comprises of a ground floor retail unit with a separate entrance to a spacious three bedroom residential accommodation on the first and second floor. Rates: Interested parties should make their own enquiry of Liverpool City Council's Rating Department on 0151 233 3008 or www.voa.gov.uk/businessrates. EPC: A commercial and residential EPC is available upon request.

Interested in this property?

Call our Prescot branch for further information.

0151 292 8880

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