24 January 2024: Wednesday 24 January 2024 - 9:00am
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    Key features

    • High Yielding Mixed Use Investment
    • Let Entirely to Done Brothers (Cash Betting) Limited t/a Betfred
    • Annual Rent £15,000 - Expires 18/05/2025
    • Lease Includes Upper Parts
    • Asset Management Potential
    • Guide Price Reflects Gross Yield of 12%
    • No VAT

    Description

    The property comprises a prominent mixed use property arranged as retail to the ground floor with a single residential unit to the upper parts.

    The property is let in its entirety on an FRI lease to Done Brothers (Cash Betting) Limited t/a Betfred for a term of 15 years expiring 18/05/2025 and paying £15,000 per annum.

    The ground floor is arranged as a betting shop in accordance with its current use. We understand the upper parts comprise a single residential unit accessed from the rear.

    The property forms part of a prominent retail parade on Hoylake Road in Moreton, characterised by a mix of local and national occupiers including Wetherspoons, Greggs, Boots and Superdrug.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is let in its entirety on an FRI lease to Done Brothers (Cash Betting) Limited t/a Betfred for a term of 15 years expiring 18/05/2025 and paying £15,000 per annum.

    Rent

    £15,000 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      • Moreton Station - 0.5 miles
      • Central Birkenhead - 4.2 miles
      • Liverpool City Centre - 5.7 miles

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums