Lot 04
Auction
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88/90 Penkett Road, Wallasey, CH45 7QA

Auction
United Kingdom
Investment
Residential

The auction has ended

Final bid £775,000

Property Summary

  • On the Instructions of N C W Bestwick & M D W Hardy of Sanderson Weatherall LLP as Joint Fixed Charge Receivers
  • 12 long leasehold self-contained two-bedroom apartments 
  • Part vacant investment producing £41,920 per annum
  • 7 tenanted and 5 vacant apartments

Contact Us

Joel Ferree

Registered Surveyor, here to help.

Contact Us

Joel Ferree

Registered Surveyor, here to help.

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Property description

A principle block of 9 self-contained two-bedroom apartments with an additional block of 3 self-contained two-bedroom apartments constructed to the rear.

Location

Situated between Steel Avenue and Rake Lane. Public transport includes New Brighton railway station. Shopping amenities are at Seabank Road. Recreation facilities can be found at Central Park.

VAT

VAT Not Applicable.

Accommodation

Tenancy Schedule

UnitFloorAccommodationTenancyRent per annum
1GroundTwo bedrooms, kitchen, reception room, bathroom/wc6 month AST from 27/1/2018 (holding over)£6,600
2GroundTwo bedrooms, kitchen, reception room, bathroom/wc6 month AST from 26/6/2014 (holding over)£5,700
3GroundTwo bedrooms, kitchen, reception room, bathroom/wc6 month AST from 12/5/2017 (holding over)£5,940
41stTwo bedrooms, kitchen, reception room, bathroom/wcVacantN/A
51stTwo bedrooms, kitchen, reception room, bathroom/wc6 month AST from 28/10/2016 (holding over)£5,940
61stTwo bedrooms, kitchen, reception room, bathroom/wcVacantN/A
72ndTwo bedrooms, kitchen, reception room, bathroom/wc6 month AST from 10/6/2008 (holding over)£6,600
82ndTwo bedrooms, kitchen, reception room, bathroom/wc6 month AST from 18/5/2018 (holding over)£5,940
92ndTwo bedrooms, kitchen, reception room, bathroom/wcVacantN/A
10GroundTwo bedrooms, kitchen, reception room, bathroom/wcVacantN/A
111stTwo bedrooms, kitchen, reception room, bathroom/wcVacantN/A
122ndTwo bedrooms, kitchen, reception room, bathroom/wc6 month AST from 13/11/2017 (holding over)£5,100

It would appear that the management company referred to in the Leases as 88/90 Penkett Road Management Company Limited is not in existence.  Please take legal advice on the implications of this

 


*Terms & Conditions

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 vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. 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 vendor 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 vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All interested parties 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 vendor.

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