3 Bed Terraced House For Sale Milnthorpe Close, Liverpool, L4
£110,000- Terraced
Auction Property
1 of 12
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 27th June 2024
Description
FOR SALE BY ONLINE AUCTION 10TH JULY 2024:
This is a well-established mixed-use unit on Westminster Road, L4. The property has a tenant in situ for both retail and residential with a combined return of £1,100pcm. The accommodation to the ground floor comprises retail space and basement. The residential unit has kitchen to ground floor; living room, bedroom and bathroom to first floor, two bedrooms and shower room to second floor. The property provides a strong yield for investors at 12.55% based on Guide Price.
\rACCOMMODATION
Retail Unit Ground Floor: Currently set out as newsagents with counter and access through to storage space and basement
Residential Unit Ground Floor: Access from rear to ground floor modern kitchen
First Floor: Large living room, bedroom, bathroom
Second Floor: Two bedrooms and shower room
LOCATION
The unit is located on Westminster Road in L4 set within a busy residential area close to local amenities and transport links to the city centre.
Tenure: Freehold
Council Tax Band: A
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1800 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
This is a well-established mixed-use unit on Westminster Road, L4. The property has a tenant in situ for both retail and residential with a combined return of £1,100pcm. The accommodation to the ground floor comprises retail space and basement. The residential unit has kitchen to ground floor; living room, bedroom and bathroom to first floor, two bedrooms and shower room to second floor. The property provides a strong yield for investors at 12.55% based on Guide Price.
\rACCOMMODATION
Retail Unit Ground Floor: Currently set out as newsagents with counter and access through to storage space and basement
Residential Unit Ground Floor: Access from rear to ground floor modern kitchen
First Floor: Large living room, bedroom, bathroom
Second Floor: Two bedrooms and shower room
LOCATION
The unit is located on Westminster Road in L4 set within a busy residential area close to local amenities and transport links to the city centre.
Tenure: Freehold
Council Tax Band: A
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1800 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
Agent Details
Venmore
Prospect House, Columbus Quay, Liverpool L3 4DB
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.