31 Allport Lane, Bromborough, Wirral, Merseyside, CH62 7HH

retail and residential investment producing £14,250 per annum

Location

Situated on the eastern side of Allport Road and occupying a corner position within a predominantly retail location. Bromborough is situated on the Wirral Peninsula and is situated approximately 2 miles South West of Bevington town centre. Occupiers within the vicinity include Lloyds TSB, Natwest, Martins, Worldchoice Travel, Johnsons and Barnardo's.

Description

Two storey property comprising ground floor retail unit together with first floor self contained residential accommodation above. The first floor residential accommodation has been sold off by way of a long lease.

Tenure

Freehold subject to a 125 year lease of the first floor flat.

VAT

VAT at the prevailing rate is payable in addition to the gavel price unless the sale can be treated as a TOGC, which will be strictly subject to the purchaser satisfying all necessary conditions for the sale to be treated as a TOGC prior to completion.

Solicitors

Quastel Midgen LLP, 74 Wimpole Street, London, WG1 9RR.
Tel: 020 7908 2552. E-mail: ebooth@quastels.com.
Contact: Ms Elizabeth Booth.

Accommodation/Tenancy

The following dimensions have been taken from the VOA website: 
Unit  Accommodation  Tenant  Sq m  (Sq ft)  Agreement  Rent   
Ground Flr: 
Shop:   Sales Area, Staff Room, W/Cs  Beverley Rowe t/a hairdresser*  56.96  (613)  12 yr FRI lease   £14,125 pa** 
          from 26/09/08 
First Flr:  Residential:  125 yr lease  £125 pa 
          from 25/03/2009*** 
          Total Income:  £14,250 pa 
The tenant trades from another shop locally 
**  Next review September 2012 (rent reviews are four yearly) 
***  Annual increases linked to RPI and reversion in 2013 

Addendum

The correct address for the property is 31 Allport Lane, Bromborough, Wirral, Merseyside, CH62 7HH.

* Guide Prices and Reserves

Guide Price: An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
Reserve Price: the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.