Lot
018
Auction Ends: 22/06/2022 11:38

72-82 Walton Vale, Liverpool, Merseyside L9 2BU

Property Details
Location
Auction Details
Description
A commercial ground rent investment situated in a busy and well established high street location. The property is let by way of a 150 year lease from October 1968 at a current rent of £42,000 per annum, reviewable every 21 years (next review 2031) and based on a proportion of the rental value of the overlying retail investment.
Location
The property fronts Walton Vale (A59), between Grace Road and Cedar Road, approximately 500 metres from Orrell Park Station. Liverpool City Centre is approximately 5 miles to the south.
Approx Site Area
Approximately 0.14 Hectares (0.34 Acres).
Tenure
Unknown
Tenancy
The property is currently let to Red Birch Ltd (Isle of Man registered) by way of a 150 year lease from 21 October 1968 at a current rent of £42,000 per annum. The lease is subject to 21 year rent reviews with the next review due in 2031.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
VAT
VAT is payable at the prevailing rate, in addition to the purchase price.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 21ST JUNE AND CLOSES ON WEDNESDAY 22ND JUNE.

3. The overlying retail investment is let to tenants including JD Wetherspoon Plc, William Hill Organisation Ltd and Bank of Scotland Plc.
Addendum
VAT is payable at the prevailing rate, in addition to the purchase price.

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