Lot 8 - 100 Eastbank Street, Southport, Merseyside, PR8 1EF
- Unconditional Online Auction Sale
- Guide Price* : £10,000 plus
- Town Centre development opportunity
- Located on main road into town
- Refurbishment required
ON BEHALF OF SEFTON COUNCIL: Town Centre freehold part commercial and part residential property comprising vacant ground floor and basement levels plus upper floors sold subject to a long lease
Description
The property comprises the freehold interest in a mid terrace three storey (as viewed from Eastbank Street) property, with a basement accessed from the rear. The upper floors (first and second floors, plus ground floor entrance) are subject to a long leasehold interest for 125 years from 1st January 2008 at a ground rent of £150 per annum.
The property was previously used as an unlicensed HMO, configured with one room with WC/bath in the corner to the front room and a rear kitchen room. These parts are accessible, but the basement area comprising further rooms is practically not safe to access, with there being a 5-foot drop from a hole in the staircase from ground floor and the rear access is comprehensively shuttered up.
Condition is very poor and a whole scale renovation is required internally and externally there are also many areas of dis-repair and urgent maintenance required. An Emergency Prohibition Order was served by the Council in 2016 and a copy is within the Legal Pack.
There appears to be an existing permission for conversion of part of the ground floor and basement to form 1 self-contained flat and minor alterations to the rear elevation Ref. No: N/2008/0425/Status: Approved Conditionally. The permitted works in Ref. No: N/2008/0425 appear to allow a single small retail unit, plus a 1-bedroom flat. Interested parties should rely on their own enquiries in respect of future permitted development at the property.
Location
The property is located within Southport town centre, within walking distance of retail and leisure facilities. Eastbank Street, provides a range of commercial, retail and residential properties and connects to Lord Street. Southport is a traditional seaside resort, known for it's Victorian glazed canopies to the shops on Lord Street and as the location of Royal Birkdale golf club which is a regular on the Open Golf rota. Liverpool lies approximately 15 miles to the south.
Tenure
Freehold, sold subject to subject to a long leasehold interest in respect of the first and second floors for 125 years from 1st January 2008 at a ground rent of £150 per annum.
Accommodation
Ground Floor: Entrance Hall & 2 Rooms - Front retail - used as a studio bedroom and a rear kitchen/lounge
Basement: No access to confirm - previously used as illegal HMO.
Outside
Rear yard.
EPC
Energy Asset Rating is TBC.
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 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.
2. 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.
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