34 RENSHAW STREET & 24 NEWINGTON, LIVERPOOL -Smith and Sons (en-GB)

Situated in a prominent City Centre position, this substantial three storey building is on the corner of Renshaw Street and Newington between St Georges Hall, Lime Street Station and Bold Street where there are a wide range of shops, cafes and restaurants together with tourist attractions. This property is in multiple occupation there being four letting rooms accessed from Newington together with two commercial units on Renshaw Street. There are currently two vacant rooms to the upper floors. The property would be suitable for redevelopment subject to the existing agreements or alternatively the vacant space could be re-let to generate a good investment yield. The opposite corner has recently been developed for luxury student accommodation with other properties having been upgraded for hotel and residential use.

Details

Auction Date	04th July 2018
Lot Number	20
Guide Price	£450,000 to £500,000
Status	Available
Lot Type	Commercial Investment
Address	34 Renshaw Street & 24 Newington, Liverpool, view on map
Tenure	Freehold
Tenancies	34 & 34a Renshaw Street: Let on a 10 year lease from June 2013 subject to a five year review at a rental of £10,500 per annum. 34B Renshaw Street: Let on a 10 year lease from 2002 with the tenant holding over currently paying £8,000 per annum. 24 Newington: First Floor Suite 1 is let on an informal agreement at a rental of £3,140 per annum Suite 2 - Vacant Second Floor Suite 1 is Let at a current rent of £2,600 per annum Suite 2, there is a letting agreed at a rental of £2,400 per annum
Viewing	By arrangement with the Auctioneers.

Location

Accommodation

Accommodation	34/34a Renshaw Street Sales area with ancilliary accommodation 564 sq ft 34b Renshaw Street Retail space 300 sq ft with basement 210 sq ft
24 Newington	First Floor Suite 1 Three rooms totalling 488 sq ft Suite 2 241 sq ft Shared kitchen
Second Floor	Suite 1 Two rooms totalling 420 sq ft Suite 2 302 Sq ft Shared WCs