The Millfield Inn PH, 510-512 Prescot Road Liverpool Merseyside L13 3DB

  • The Millfield Inn PH,<br>510-512 Prescot Road<br>Liverpool<br>Merseyside<br>L13 3DB

The Millfield Inn PH,
510-512 Prescot Road
Liverpool
Merseyside
L13 3DB

Freehold Public House and Residential Investment

  • Comprises a Public House and Two Residential Flats
  • Active Management Potential
  • Nearby Occupiers include Tesco, Asda, Aldi, Farmfoods and Numerous Local Retailers
  • Lot
    35
  • Auction
    15th February 2024
  • Rent
    £20,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Freehold Public House and Residential Investment

  • Comprises a Public House and Two Residential Flats
  • Active Management Potential
  • Nearby Occupiers include Tesco, Asda, Aldi, Farmfoods and Numerous Local Retailers
  • Lot 35
  • Auction 15th February 2024
  • Rent £20,000 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    Public House
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
3 miles east of Liverpool City Centre
Roads
B5189, A5080, M62
Rail
Broad Green Railway Station
Air
Liverpool John Lennon Airport
Situation

Old Swan is a suburb of Liverpool located just 3 miles east of the City Centre. The property occupies a prominent position on the south side of the busy Prescott Road (A57), a key arterial road linking the City Centre and the M62.

The immediate locality is predominantly residential with nearby occupiers including Tesco, Asda, Aldi, Farmfoods and numerous local retailers.

Tenure

Freehold.

Location
Miles
3 miles east of Liverpool City Centre
Roads
B5189, A5080, M62
Rail
Broad Green Railway Station
Air
Liverpool John Lennon Airport
Situation

Old Swan is a suburb of Liverpool located just 3 miles east of the City Centre. The property occupies a prominent position on the south side of the busy Prescott Road (A57), a key arterial road linking the City Centre and the M62.

The immediate locality is predominantly residential with nearby occupiers including Tesco, Asda, Aldi, Farmfoods and numerous local retailers.

Tenure

Freehold.

Description

The property comprises a ground floor public house with two residential flats on the upper floors.
One of the residential flats is non-contained and accessed via the commercial unit with the other flat being self-contained and benefits from rear access on Prescot Road.

VAT

VAT is applicable to this lot.

Completion Period

Six Week completion

EPC

Band C

Description

The property comprises a ground floor public house with two residential flats on the upper floors.
One of the residential flats is non-contained and accessed via the commercial unit with the other flat being self-contained and benefits from rear access on Prescot Road.

VAT

VAT is applicable to this lot.

Completion Period

Six Week completion

EPC

Band C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Reviews
Ground
First
Second
Pub
Residential
Residential
118.19
118.19
118.19
(1,272)
(1,272)
(1,272)
INVESTING IN MERSEYSIDE LIMITED (crn: 06078622) with a personal Guarantee (1) 75 years from 16/07/2007
£23,464
16/07/2028 and 5 yearly
Total Approximate Floor Area  
354.57 (3)
(3,816) (3)
   
£23,464 (2)
 

(1) Investing in Merseyside Limited (crn: 06078622) was dissolved in May 2014 and the Guarantor is currently occupying and trading from the property.
(2)The tenant is in arrears of rent having not paid since 2020.
(3) The property has not been measured by the Auctioneers. The floor areas stated above are estimated Gross Internal Areas and are provided as a rough guide. The floor areas must not be relied upon by the Buyer and do not form part of the contract of sale.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Associate AuctioneersJestyn Coke 01245 454029ajc@ajestyncoke.co.uk
Seller's Solicitors
Hookings Croft 17 Jumpers Avenue
Christchurch
BH23 2EP
George Croft 01202 798 917george@hookings-crofts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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