Situated in a prominent City Centre position, this substantial three storey building is on the corner of Renshaw Street and Newington between St Georges Hall, Lime Street Station and Bold Street where there are a wide range of shops, cafes and restaurants together with tourist attractions.
This property is in multiple occupation there being four letting rooms accessed from Newington together with two commercial units on Renshaw Street.
There are currently two vacant rooms to the upper floors.
The property would be suitable for redevelopment subject to the existing agreements or alternatively the vacant space could be re-let to generate a good investment yield.
The opposite corner has recently been developed for luxury student accommodation with other properties having been upgraded for hotel and residential use.
Details
Auction Date |
04th July 2018 |
Lot Number |
20 |
Guide Price |
£450,000 to £500,000 |
Status |
Available |
Lot Type |
Commercial Investment
|
Address |
34 Renshaw Street & 24 Newington, Liverpool, L1 4EF view on map |
Tenure |
Freehold |
Tenancies |
34 & 34a Renshaw Street:
Let on a 10 year lease from June 2013 subject to a five year review at a rental of £10,500 per annum.
34B Renshaw Street:
Let on a 10 year lease from 2002 with the tenant holding over currently paying £8,000 per annum.
24 Newington:
First Floor Suite 1 is let on an informal agreement at a rental of £3,140 per annum
Suite 2 - Vacant
Second Floor
Suite 1 is Let at a current rent of £2,600 per annum
Suite 2, there is a letting agreed at a rental of £2,400 per annum |
Viewing |
By arrangement with the Auctioneers. |
Location
Accommodation
Accommodation |
34/34a Renshaw Street
Sales area with ancilliary accommodation 564 sq ft
34b Renshaw Street
Retail space 300 sq ft with basement 210 sq ft |
24 Newington |
First Floor Suite 1
Three rooms totalling 488 sq ft
Suite 2
241 sq ft
Shared kitchen |
Second Floor |
Suite 1
Two rooms totalling 420 sq ft
Suite 2
302 Sq ft
Shared WCs |