92 & 92a Euston Road, Morecambe, Lancashire, LA4 5LD
Freehold mixed use investment property in Lancashire
Guide price*
£250,000+
Plus fees
Withdrawn
Lot information
Residential Investment
Auction details:
Wednesday 19th May 2021 @ 08:30AM
Live-streamed Auction
A Freehold Mid Terraced Mixed Use Investment Property Current Gross Income: £31,620 pa
Property Description
A four storey Victorian mid terraced property with ground floor retail unit and six one bedroom self-contained flats. Situated within the town centre within walking distance to the sea. The property can be accessed from both Euston Road and Tunstall Street to the rear. It is understood that the property has been renovated internally with each of the flats having separate entrances, lounge, kitchen, bedroom, bathroom/WC. All flats have new boilers and utilities and are individually metered. The property benefits from a new fire alarm system and CCTV security. In addition to the internal works the roof has recently been renewed.Energy Performance Rating
C, C, C, C, D, DTenure
Freehold – Subject to the existing tenancies.Auctioneer's Note
Please note offers may be considered prior to the Auction Sale.Auctioneer's Note
At the time of going to print, the Auctioneers were unable to inspect the property internally and therefore the accommodation details should not be relied upon.The Auctioneers have not had sight of all of the tenancy agreements at the time of going to print and therefore the tenancy details should not be relied upon.
Remote Bidding Auction
This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.Viewings
External viewings only.Tenancy
| Room | Term | Rental |
|---|---|---|
| Flat 1, 92 Euston Road | Assured Shorthold Tenancy for 6 months from 25th November 2020 | £400 pcm |
| Flat 2, 92 Euston Road | Assured Shorthold Tenancy for 6 months from 1st June 2020 | £400 pcm |
| Flat 3, 92 Euston Road | Assured Shorthold Tenancy for 6 months from 8th March 2017 | £350 pcm |
| Flat 4, 92 Euston Road | Assured Shorthold Tenancy for 6 months from 12th December 2014 | £390 pcm |
| Flat 5, 92 Euston Road | Assured Shorthold Tenancy for 6 months from 2nd June 2020 | £395 pcm |
| 61 Tunstall Street | Assured Shorthold Tenancy for 6 months from 22nd November 2017 | £380 pcm |
| 92a Euston Road (ground floor shop unit) | Let on a Lease from 1st April 2018 (please refer tot the legal pack for further details) | £325 pcm |
| Total Gross Income: | £31,476 per annum | |
DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
