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Postponed | Lot 5

160 Duke Street, Southport, Merseyside, PR8 5DH

Postponed

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 03/12/2020

Auction Time

13:00

Auction Venue

Online Auction Online Auction,

Mixed Use Commercial and Residential Investment Producing £17,400 per annum

Description Comprising a two-storey mixed use property with tenanted ground floor retail unit, tenanted first floor apartment and outbuilding. Accommodation The ground floor comprises a retail unit currently operated as a salon, with front sales area and treatment room, rear kitchen, treatment, storage and shower room with w.c. The first floor comprises a two-bedroom apartment with large entrance hallway with access to the cellar, lounge / dining room, large kitchen and bathroom. Access is via a self-contained ground floor entrance. The apartment benefits from large rooms and an abundence of natural light. Externally the property benefits from a rear yard, large land plot to the front and side and an outbuilding / garage which is currently Let as storage. We have taken the measurements from the Energy Performance Certificates (EPC’s) as follows: Ground floor: 84 sq m (904 sq ft) First floor: 83 sq m (893 sq ft) Location The property is situated in a prominent corner position fronting Duke Street and Cemetery Road close to local independent retailers, shops and amenities. The centre of Southport is located just 1 mile from the property and approximately 2 miles from Royal Birkdale Golf Club. Tenancy Ground Floor – Let on a five-year lease from 27th August 2019 at £800 pcm / £9,600 per annum First Floor – Let on an AST for 36 months from 16th September 2020 for £600 pcm / £7,200 per annum Outbuildings – Let on an informal basis for £50 pcm / £600 per annum Total annum income - £17,400 per annum

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating E & E

Local Authority

Sefton Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.