A substantial three storey end of terrace property comprising a lock up shop with two self contained flats above and situated on the corner of Poulton Road and Wheatland Lane. It is in an established commercial position adjoining a Labrokes Bookmakers and opposite a Tesco Express. The property is fully let producing a total rental income of £9040 per annum. Each flat has central heating and double glazing.

Details

Auction Date 25th February 2016
Lot Number 40
Guide Price £60,000 to £65,000
Status Available
Lot Type Commercial Investment
Address 31 Poulton Road, Wallasey, CH44 6LB view on map
Tenure Freehold
Tenancies The shop is let at a rental of £150 per calendar month on a license. The first floor flat is let at a rental of £300 per calendar month and the second floor flat is let at a rental of £303.33 per calendar month. This produces a total rental income of £9040 per annum.
Viewing By arrangement with the auctioneers.

Location

Accommodation

Ground Floor Retail unit trading as The Flower Shop 450 sq ft Separate WC and kitchen
First Floor Flat Lounge, two bedrooms, kitchen, bathroom.
Second Floor Flat Lounge, two double bedrooms, breakfast kitchen, bathroom/WC.
Externally Rear yard.
Rateable Value The shop has a rateable value of £3,300

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