Description

Situated in an established retail position and having a prominent main road frontage, this mixed commercial and residential investment is well placed for public transport, access to the M53 Motorway and enjoys a good residential catchment. The ground floor is trading as Clovers Coffee Shop & Diner and there is a self contained two bedroomed first floor flat. There is gas central heating to the first floor together with UPVC double glazing.

Details

Auction Date 19th February 2020
Lot Number 6
Guide Price £130,000 to £150,000
Status Sold
Sale Price £173,000
Lot Type Commercial Investment
Address 235 Greasby Road, Greasby, CH49 2PG view on map
Tenure Freehold
Tenancies The café is let for a term of five years at a rental of £8,340 per annum. The flat is let on an assured shorthold agreement at £475 per calendar month. This produces a total rental income of £14,040 p.a.
Viewing By arrangement with the auctioneers.

Location

Accommodation

Ground Floor Café with approximately 30 covers - 46 sq m (495 sq ft), separate WC, fitted commercial kitchen - 8 sq m (87 sq ft), store - 7.1 sq m (76 sq ft)
First Floor Flat Entrance hall, lounge, two bedrooms, kitchen, bathroom with shower over bath.
Externally There is a rear yard with store together with provision for car parking.
Rateable Value £7,600 and as such will qualify for small business relief.

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