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1 bedroom Mid Terrace House for sale, Lisburn Lane, Liverpool, Merseyside, L13
Features and Description
- No Onward Chain
- Vacant Possession
- Potential Mixed Use Property
- Separate Flat Above Commercial Unit
Modern Method of Auction Sale - Guide Price £120,000 + Reservation fee
Delighted to offer with no onward chain, this freehold commercial property with scope to convert to residential and commercial mixed use.
The property currently tenanted for £750pcm but will be vacant upon possession, is estimated at a commercial rental value of £900pcm for the commercial unit and £450pcm for the separate, one bedroom flat above, bringing in a potential annual income of £16,200 making for a 12%+ gross return!
The property offers flowing to the first floor with potential for a commercial unit on the ground floor a separate kitchenette and utility.
The property comprises; porch, commercial unit, kitchenette with utility and bathroom to the rear, which leads to a communal rear yard and stairs to the first floor.
A separate one bedroom flat can be accessed via the stairs into the kitchen, internal hallway which provides access to living room, bedroom and bathroom.
Council Tax band - A
EPC Grade - C
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, I AmSold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with I AmSold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by I Am Sold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
EXTERNAL
On-street parking to the front of the property, communal yard to rear where there is access to flat above and commercial unit.
Porch
Entrance to the commercial unit, leads to main room.
Commercial Unit
8.38m x 4.422m (approx)
Currently fitted as hairdressers, provides access to kitchenette to rear of the property.
Kitchenette
3.785m x 2.736m (approx)
Fitted kitchenette to rear, provides access to utility and WC and access to rear communal yard.
Utility
1.442m x 1.268m (approx)
Utility cupboard with sink and access to WC.
WC
1.442m x 1.034m (approx)
Water closet with toilet and window to rear yard.
Kitchen
2.445m x 2.353m (approx)
Access to flat from stairs in communal yard, fitted modern kitchen which also houses boiler.
Hall
Hallway which leads to bathroom, bedroom and living room.
Living Room
4.458m x 3.732m (approx)
Expansive living space with bay fronted window, accessed from hall.
Bedroom
3.793m x 2.837m (approx)
Main double bedroom with space for free standing wardrobe and window overlooking rear yard.
Bathroom
1.885m x 1.54m (approx)
Fitted modern three piece bathroom suite with shower cubicle, toilet and wash basin.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Lisburn Lane, Liverpool, Merseyside, L13

Additional Information
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Property refLIV250109
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EPCC
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TenureFreehold
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Council TaxA

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