Lot 1 - 17 Poulton Street, Kirkham, Preston, Lancashire, PR4 2AA
- Unconditional Online Auction Sale
- Guide Price* : £120,000
- Mixed Use Investment producing £22,240 per annum
- Ground Floor retail with 3 x One Bedroom Flats above
- Prominent location on Poulton Street
ON BEHALF OF LPA RECEIVERS: Three storey mixed use investment fully Let producing a combined annual equivalent income of £22,240
Description
* VIDEO TOUR AVAILABLE UPON ON REQUEST * The property comprises a three storey mid terrace consisting of a ground floor retail unit and 3 x one bedroom flats above. The property is fully Let producing an annual equivalent income of £22,240.
Location
The property is prominently located fronting Poulton Street, the main high Street in Kirkham with nearby retailers including national multiples together with a range of local independent stores. Kirkham is a market town that lies approximately midway between Preston and Blackpool, 1.5 miles south of Junction 3 of the M55 motorway.
Tenure
The property is held Freehold.
Accommodation
Ground Floor Retail Unit - T/A Brian House Charity Shop
First Floor: Two x one bedroom flats assumed to comprise Living Room, Kitchen, Bedroom and Bathroom/W.C
Second Floor: One bedroom flat assumed to comprise Living Room, Kitchen, Bedroom and Bathroom/W.C
Outside
Rear yard.
Tenancies
17 (Retail) - Let on a 6 year Lease from the 24th June 2024 at an annual rent of £10,000
Flat One - Let on an AST for a term of 6 months from the 23rd August 2019 at a current rent of £350pcm.
Flat Two - Let on an AST for a term of 6 months from the 26th February 2017 at at a current rent of £320pcm
Flat Three - Let on an AST for a term of 6 months from the 4th February 2011 at a current rent of £350pcm
EPC
Energy Performance Asset Ratings. 17 Retail - D. Flat One - E. Flat Two - D. Flat Three - E.
Council Tax Band
A
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.Additional Information
1. The Property is offered for sale by the joint LPA/Fixed Charge Receivers who act as agents for the vendor and without personal liability. The Receivers can give no representations or warranties including as to VAT.
2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* 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.
Loading the bidding panel...
Additional Documents
Office Contact
Important Documents
Agreement Documents
Related Documents
Legal Documents
Log in to view legal documentsShare
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.