Lot 12 - 33-35 Longmoor Lane, Liverpool, Merseyside, L9 0EA
- Unconditional Online Auction Sale
- Guide Price* : £140,000
ON BEHALF OF RECEIVERS : Commercial investment producing £18,000 per annum plus yard approximately 360.46 sq m (431.10 sq. yd) with development potential STP
Description
The property comprises a former church hall, currently being used as a ladies only gym, together with an adjacent plot of land previously used as a storage yard. Up until recently the perimeter of the land was used as a location for advertising hoardings. The total site area is 0.07 hectare (0.17 acre) and the yard is 360.46 sq. m (431.10 sq. yd). Subject to obtaining the necessary consents the land may have development potential.
The gym is occupied under the terms of a lease expiring in April 2023 at an annual rent of £18,000 per annum. Internally it is configured with a reception area, main studio, cardio and weights area plus ancillary accommodation.
Location
The property fronts Longmoor Lane (A506), between Cornett and Harradon Roads. The A506 is one of the main arterial roads that lead towards the city centre (approximately 4 miles to the south), linking it withe the M57 motorway. The surrounding area is predominantly residential with Longmoor Lane an established location for retail and other commercial uses.
Tenure
Freehold.
Accommodation
We detail below the following approximate gross internal area:
Ground Floor: 2852 sq. ft (264.98 q.m)
Tenancies
The gym is occupied under the terms of a lease expiring in April 2023 at an annual rent of £18,000 per annum. The tenant has a rolling 12 month break option.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £1,500 (inc VAT) payable upon exchange of contracts.Additional Information
Interested parties should consult direct with the Local Planning Office, https://liverpool.gov.uk/contact-us/planning-and-building-control/ Tel: 0151 233 3021.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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