x4 Retail Shops, 20 Bedroom HMO, x2 One Bedroom Flats & Garage/Storage - Potential Income of c£100,000pa

Briefly comprising a terrace of 5 interconnecting buildings, providing 4 shop units,20 bedsits (HMO), 2 one-bedroom apartments and single storey unit to the rear. 142 Borough Road Vacant retail unit previously used as a Barber’s. 144 Borough Road Tenanted and trading as Galaxy Tattoo. The rent due under the lease is £300 monthly but we have been advised the tenant actually pays £375 per month. Currently holding over as the lease term was from 4/07/2018 to 4/07/2020. 146 – 148 Borough Road Tenanted by Quality Matters Ltd, who use the property as a (GoLocal) convenience store. Rent is £1000pcm and the lease term is 6 years 11 months from 10/02/2023 expiring 10/02/2030. 150 Borough Road Corner retail unit which is currently vacant. 37 Florence Road One bedroom flat which we have been advised is currently rented at £450pcm. Garage/Storage to Rear To the left-hand side of 37 Florence Road, there is a garage suitable for storage which could potentially be rented out separately. We have been advised this is currently not tenanted. HMO It is understood to be a 20 bed HMO plus one bed flat all unoccupied. The borrower had applied for a new licence, but this has been refused as works are required to bring the property up to standard. We have been told there is no hot water/heating and new fire doors are required. Overall Potential Income of c£100,000pa. For more information relating to the tenancies, please refer to the legal pack. Tenure: Freehold Title number: MS54798, MS171984, CH26718, MS335028 & MS472384 Council Tax Band: Business rates for all retail units. Local Authority: Wirral Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenure

Freehold

IMPORTNT INFORMATION

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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.

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.