House For Sale Priory Road, Liverpool, L4

£200,000

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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: 18th April 2024

Description

A mixed-use investment opportunity fully let producing £24,000 per annum increasing to £27,600 per annum.

The property comprises of a ground floor retail unit together with a 3 bedroomed flat to the first floor.

The whole property is currently let by way of a 7 year FRI Lease from November 2023 producing a rental income of £24,000 per annum.

Situated
Fronting Priory Road in a popular and well-established area close to local amenities, schooling, Liverpool Football Club and transport links. The property is approximately 4 miles from Liverpool City Centre.

Ground Floor
Main Sales Area, Walk-in Fridge, Kitchen, Store Room, Hall, Store Room

First Floor
Kitchen (with balcony), Shower/W.C, 3 Rooms

Second Floor
2 Rooms, Kitchen, Shower Room/W.C

EPC Rating
Flat - TBC
Shop - C

Council Tax Band
TBC

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GUIDE PRICES & RESERVE PRICES

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Agent Details
Sutton Kersh Auction
Cotton Street, Liverpool, L3 7DY
Show Contact Number
0151 207 6315

Investment Analysis

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Calculators

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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.
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This is the potential achievable yield.
Potential Return-on-Cash Invested