This mixed residential and commercial investment has the potential to generate an excellent income and high yield from the shop unit and 5 letting rooms. It is within a few minutes walk of Birkenhead Park and has always been popular as a rental location. The residential accommodation has been modernised with an extensive range of modern units to the kitchen and utility room, gas central heating, modern bathroom suite and double glazing.

Details

Auction Date 05th May 2021
Lot Number 13
Guide Price £90,000 to £110,000
Status Available
Lot Type Investment Mixed Use
Address 1 Upper Brassey St/2 Mallaby St, Birkenhead, CH41 0AG view on map
Tenure Freehold
Tenancies The letting rooms are vacant. The shop is let at £2860 pa with the tenant holding over on a lease which commenced in 2001.
Viewing By arrangement with the auctioneers.

Location

Accommodation

Residential Ground Floor Entrance hall with landlords and tenants store giving access to rear yard.
First Floor Landing, lounge, large dining kitchen with good range of modern base and wall units including built in oven, hob and extractor hood, utility room with modern units and central heating boiler, bathroom, bedroom.
Second Floor Landing, four letting rooms, one with ensuite shower room and WC..
Lock Up Shop Showroom - 41 sq metres (443 sq ft) Office and store - 23 sq metres (248 sq ft) Kitchen and store - 14 sq metres (150 sq ft) Workshop - 38 sq metres (410 sq ft)
Externally There is a partially covered rear yard for storage and parking with separate WC.
Rating Assessment The shop has a Rateable Value of £5,700 and as such will qualify for small business relief.

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