1 Park Road East, Birkenhead CH41 4BB

Sold at auction on 24 April 2023 for £450,000.

A prominent building comprising a ground floor pub with residential accommodation above in Birkenhead, which we are advised is currently producing £100,000 per annum.

Situated on the corner of Park Road East and Conway Street, overlooking Birkenhead Park is this substantial building, formally operating as a hotel. The property now comprises a ground floor pub with a large bar/seating area, games room and multiple function rooms. To the first and second floors we are advised there are twenty lettable rooms accompanied by multiple shared kitchens/bathrooms on each floor. At the rear of the building there is also a secondary property comprising an additional four lettable rooms with shared communal areas. Externally, there is a car park and seating area.

The property is well positioned, close to the town centre and within easy reach of all necessary amenities and services. Liverpool City Centre is also easily accessible with public transport services providing a direct route. Transport links in the area include good road connections, regular bus services and train services operating from Conway Park and Birkenhead Park.

PLEASE NOTE- The HMO licence within the legal documents is for 16 lettable rooms and the auctioneers have not been able to verify the rental income by way of tenancy agreements. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Note Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: D, D, D

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions’ Buyers Terms.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneer’s fees apply:

• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.