Lot 6 - 11 Station Street &, 2, 3, 3A Station Road, Rainhill, Prescot, Merseyside, L35 0LL

  • Unconditional Online Auction Sale
  • Guide Price* : £200,000 plus

Well located multi-let commercial investment let at an annual equivalent income of £20,400

Description

The property comprises four units within a parade of single storey retail units currently let at an annual equivalent income of £20,400.

The property is occupied by two tenants, each trading from two units each (Rainhill Spectacles & The Railway Cafe).

Location

The property is well located immediately opposite the entrance to Rainhill railway station, which is on the Liverpool City Line linking Liverpool and Warrington. Access to Station Road is from Warrington Road (A57) and there is on street parking in the vicinity, with additional facilities nearby in the village.

Tenure

Freehold.

Accommodation

The following areas have been provided by our Joint Agent:
11 Station Street - 328 sq ft 30 sq m
2 Station Road - 477 sq ft 44 sq m
3 & 3A Station Road - 227 sq ft 21 sq m
Total: 1,032 sq ft 95 sq m

Tenancies

The property is let at the following monthly rents:

11 Station Street & 2 Station Road (Rainhill Spectacles): £850 pcm.

3& 3A Station Road (The Railway Cafe) : £850 pcm.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £1500 plus VAT payable upon exchange of contracts.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The auction has not yet started
Minimum Opening Bid

£190,000


Bidding Opens On
5th Jun 2019 13:30
End Date

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