1 Grange Terrace, And 10-14 High Street, L15 8AR

Description

This is an impressive building comprising three commercial units and eight self-contained apartments (6 x 1-beds and 2 x 2-beds). Two of the commercial units have been merged to create a larger single unit. Three of the apartments are currently let, with the building requiring some improvements internally. Once works have been completed, the unit could achieve a fully let income in the region of £90,000pa.

Accommodation

Ground floor – double size commercial unit, single size commercial unit, communal entrance to apartments, Flat 1, bin storage yard First Floor – Flats 2, 3, 4 & 5 Second Floor – Flats 6, 7 & 8

Location

Occupying a prominent position along the High Street in Wavertree, the building offers excellent commercial appeal. The property is well positioned close to Smithdown Road and a wide range of local shops, cafés and services. Wavertree Shopping Centre and Liverpool city centre are within easy reach. Excellent transport links provide convenient access across the city, making the location attractive for tenants.

Auction Information

Tenure

Freehold. The legal pack is the definitive source for lease length, title, covenants, service charges, ground rent and special conditions.

Council Tax

Band A.

Investment Analysis

Market Comparables

Use recent Land Registry sold evidence and genuinely comparable current/let rental evidence for the same micro-location, accommodation, tenure and condition. Venmore’s stated rents or rental opinions are retained as auctioneer evidence where supplied; HB screening figures are not a formal valuation.

Proposed Works

HB desktop allowance: £72,000. Scope should be confirmed from inspection, photographs, survey and contractor pricing. Prioritise structure, roof/damp, services, heating/electrics, windows, kitchens/bathrooms, decoration and external works only where relevant to this specific property.

Rental Value

Low / Base / High Investment Scenario

Specialist Commercial Analysis

Verify occupational leases, passing rents, rent-review provisions, repairing obligations, VAT status, business rates, service costs and covenant strength. Mixed-use assets should be valued by component and income where appropriate.

Maximum Bid Indicator

Base the maximum bid on verified commercial/residential income and capital value, less buyer fee, works, legal/professional, finance, holding, contingency and required return. SDLT treatment may differ for mixed-use/non-residential purchases and is buyer-specific.

Strategy Recommendation

Income hold or refurbishment/re-letting, with redevelopment only where planning and title support it.

Strategy Rating

Income Hold: ★★★★☆ | Value-Add: ★★★★☆ | Development: ★★★☆☆

Key Risks

Listed-building constraints, legal-pack special conditions, condition/survey, finance and valuation risk.

Analysis Confidence

Medium for facts reproduced from Venmore’s particulars; low-to-medium for HB desktop works/value screens until inspection, legal-pack review, direct sold/rental comparables and contractor/QS pricing are completed.