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Lot 7 Click here for addendum

Gross Yield 10.5%
6 Week Completion

Situation

Located on this busy road which forms part of the A553, close to the junction with Challis Street and amongst a host of local traders all serving the surrounding residential area.
Bidston lies approx. 2½ miles north-west of Birkenhead, 3 miles west of Liverpool city centre and benefits from good road links via the M53.

Property

A semi-detached building comprising a Ground Floor Betting Shop with a First Floor which currently has no access.

Accommodation

Ground Floor Betting Shop
Gross Frontage 19'1"
Internal Width 16'0"
Shop Depth 51'0"
Built Depth 87'9"
Kitchen, 2 WCs
First Floor (not inspected)

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to William Hill Organisation Limited (having over 2,300 branches) for a term of 15 years from 1st March 2008 at a current rent of £5,250 per annum exclusive.

Note: The tenant did not operate their 2018 Break Clause.

*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 £1,500 including 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.

58 Hoylake Road, Bidston, Birkenhead, Merseyside CH41 7BY