Lot 4 - 15 Prescot Road, St. Helens, Merseyside, WA10 3UF

  • Unconditional Online Auction Sale
  • Guide Price* : 255,000
  • Bedrooms: 6
  • Bathrooms: 3
  • Reception Rooms: 1

A tenanted 6 bedroom mid terrace mixed-use HMO, with lower commercial unit let to professional tenants producing up to £38,160 per annum.

Description

• Mid-terrace mixed-use property
• 6 bed, 3 bath Licenced HMO and ground floor commercial unit (Caribbean convenience store)
• Recently refurbished in late 2024
• Commercial and residential tenancies diversify income and reduce vacancy risk
• When fully tenanted it will have a rental income of £3,180 per month / £38,160 per annum
• Representing a 14.9% yield on guide

Location

Prescot Road is located nearby A580 and A570, with the M62 motorway just a 10-minute drive away. Within a 25-minute walk of St. Helens town centre, offering access to a wide range of shops, cafés, and local amenities.

Transport links provided by nearby Thatto Heath Railway Station, offering direct rail services to both Liverpool and Manchester.

HMO Compliance

HMO Compliance Documents:

- HMO Licence
- EPC
- CEPC
- EICR
- Gas safety certificate
- Emergency lighting test certificate
- Fire alarm test certificate
- Fire Risk Assessment

Additional information can be found in the legal pack

Lease Start Date

01/05/1894

Lease Duration

900 years (769 years unexpired)

Annual Ground Rent

£42

Accommodation

Room Number Floor Accommodation Tenancy Info Rent Per Annum
Commercial Unit Ground Shop Unit Subject to 5 Year Business Lease starting from 29th July 2024 £4,800
1 Second HMO room with shared bathroom, kitchen and reception room Subject to 6 month AST starting from 7th November 2024 £4,680
2 Second HMO room with shared bathroom, kitchen and reception room Subject to 6 month AST starting from 11th November 2024 £5,700
3 First HMO room with shared bathroom, kitchen and reception room Subject to 6 month AST starting from 19th November 2024 £6,300
4 First HMO room with shared bathroom, kitchen and reception room Subject to 6 month AST starting from 19th November 2024 £5,700
5 First HMO room with shared bathroom, kitchen and reception room Subject to 6 month AST starting from 22nd November 2024 £4,680
6 Ground En-suite HMO room with shared kitchen and reception room Currently vacant Advertised for £6,300

Vendors Solicitor
Ben Eaton
01616150627

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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Vendors Solicitor

Ben Eaton
01616150627

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