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.