Two Retail Shops & x5 One Bedroom Flats – Income of £36,900pa

Auction House North West have not inspected all aspects of the property but we have been advised that this lot includes two mid terraced retail shops with the first floor area having been reconfigured to form five one bedroom flats. Please be aware there are no viewings available for this lot. 46 Grange Road Currently rented out as a Barber shop at £450 per month. Lease runs from 01/11/23 to 31/10/28. 48 Grange Road Currently rented out as a restaurant t/a Caribbean Spice at £525 per month. Lease runs from 01/08/20 to 31/08/24. Flat 1 – Grange Road Advised this is tenanted at £425 pcm. It is believed a new lease started in June 2024 for a four-year team. Flat 2 – Grange Road Advised this is tenanted at £425 pcm. It is believed a new lease started in June 2024 for a four-year team. Flat 3 – Grange Road Tenanted at £400 per month on a ten-year AST running from 08/05/20 to 07/05/2030. Flat 4 – Grange Road Tenanted at £425 per month. AST runs from 08/08/23 to 07/08/2030. Flat 5 – Grange Road Tenanted £425 per month AST runs from 05/03/24 to 04/03/25. The total rental income is therefore £3,075 pcm / £36,900 pa For more information relating to the tenancies, please refer to the legal pack. Tenure: Freehold Title number: CH86841 & MS223040 Council Tax Band: No. 46: Business Rates No. 48: Business Rates Flat 1 – 5: A for all flats Local Authority: Wirral Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating E, E, E, E, E

Local Authority

Wirral Metropolitan Borough Council

Additional Fees

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

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