• Mid terraced shop with uppers

• Investment producing £6,600 per annum

• Close to Birkenhead's retail centre

• Asset management potential

• To be sold via Knight Frank at auction on 24th October 2024 (will not be sold prior)

Property Description

On the instructions of the Joint Receivers of FRP Advisory

The property comprises a two-storey mid terrace shop, arranged as as a hot food takeaway on the ground floor, together with two rooms and a bathroom on the first floor. The accommodation extends to approximately 86.6 sq m (933 sq ft). There is a small yard to the rear.

The property may provide asset management opportunities, subject to any existing leases and obtaining the necessary consents. Interested parties should rely on their own enquiries in this regard.

VAT
VAT status is to be confirmed. If the Property has been opted to tax with HMRC, VAT shall be payable by the buyer on the purchase price

This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability.

Location

Birkenhead is on the Wirral Peninsula, along the west bank of the River Mersey, opposite the city of Liverpool. The property is situated in a mixed commercial/residential area approximately ¼ of a mile to the west of Birkenhead’s retail core. The immediate area is characterised by ground floor retail shops let to individual traders with first floor flats above. In the adjacent side streets, the predominant use is residential. The Pyramid Shopping Centre and Birkenhead Central railway station are within half a mile distant and Birkenhead Park and Birkenhead High School Academy are also within half a mile distant.

Occupancy

Tenanted

Tenancies

Let for a term of 24 years from 15 January 2010 (thus approximately 9 years unexpired). The purported passing rent is £6,600 pa. Interested parties are advised to refer to the lease, together with associated documents in the legal pack for further details.

Tenure

Freehold

EPC Rating

D

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.