Lot 23 500 to 506 Prescot Road, Old Swan, Liverpool, L13 3DB

Property Enquiries

Mat Harris

mat.harris@bidx1.com
+44 (0) 7732 681 152

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Chris Grey

chris.grey@penningtons.co.uk
+44 (0) 20 7457 3000
Description
Map
Viewings

Property Summary
  • Virtual freehold (999 year lease)
  • X3 Retail investments 
  • Currently producing a net rent of £12,740 per annum
Tenure

Leasehold for 999 years from 16/08/1983 (less 10 days) at a ground rent of £1,040 per annum

Location

Liverpool is a major conurbation with over 2.25 million people and has excellent road and motorway networks via the M62 to the M6,M1 and A1M.  The shops are located on the south side of Prescott Road (A57) , in an established retail position, in the area of Old Swan, on it s junction with Day Street, about 3.4 miles east of Liverpool city centre.

Description

The property comprises three ground floor retail units that forms part of a three storey building of traditional construction. One shop is a ground rent, held on a long lease, with two shops held on traditional commercial leases - refer to the legal pack.

Planning

Liverpool City Council (0151 2333021) www.liverpool.gov.uk

VAT
Please refer to Legal Documents
Property Table
AddressAccommodationTenancyRent per annum
TOTAL  £13,780
500-502 Precott RdGround leaseLet to A H J El Gadhi for 250 years from 24/06/2016£1,300
504 Prescott Rd49.22 sq m (530 sq ft)L Tagoe for 10 years from 08/06/2015£6,240
506 Prescott Rd45.30 sq m (488 sq ft)J McLoughlin for 10 years from 22/06/2016£6,240

Measurements provided by the seller.

 


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,500 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


Contact Mat about this property