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Lot 34 Sold: £67,000

36 School Lane, Litherland, Liverpool, Merseyside L21 7LZ

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Lot 34   Click here for addendum

(GROSS YIELD 11.6%)
6 Week completion

SITUATION

Located at the junction with Church Road, amongst a variety of local traders all serving the surrounding residential area.
Litherland lies approx. 4¾ miles north of Liverpool City Centre and 30 miles west of Manchester benefitting from good transport links via Seaforth & Litherland Station (Merseyrail) and within easy reach of Dunnings Bridge Road that connects to the M57 and M58.

PROPERTY

Forming part of a parade comprising a single storey Ground Floor Takeaway.

ACCOMMODATION

Ground Floor Takeaway
Gross Frontage 16'2"
Internal Width 15'0"
Shop Depth 23'9"
Built Depth 33'8"
WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to S. M. Miah as an Indian Takeaway for a term of 15 years from 28th June 2013 at a current rent of £5,200 per annum exclusive.

Rent Reviews June 2018 and 5 yearly

£1,300 Rent Deposit held.

Enquire about this lot:

Photo of STEVEN GROSSMAN

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

Photo of ELLIOTT GREENE

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.