SMITH AND SONS SALES INSTRUCTIONS SOAR
Commercial property consultant, Smith and Sons, has been instructed to handle the sales of eight properties across the North West.
The Wirral based firm are marketing tenanted retail and industrial units, each offering strong yields whilst presenting excellent investment opportunities.
Properties include 305-307 Breck Road, Liverpool, a double-fronted commercial investment property, currently trading as H & T Pawnbrokers at a rental of £21,000 per annum. Pawnbrokers in Cheetham, Ellesmere Port and Liscard Way, Wallasey offer similar opportunities for investors.
An investment property on 163 Prescot Road, Liverpool provides an attractive gross initial yield of 19.2% and has an asking price of £100,000. 60-62 Market Street, Hoylake is available for £165,000 and will produce an net initial yield of 8.9% allowing 2.1% for end purchasers costs.
A restaurant on New Chester Road , priced at £160,000 has a lease term of nine years from 1st September 2011 at a rental of £15,000 per annum whilst 71-73 Seaview Road, Wallasey, is fully let to two commercial and two residential tenants with additional income from a gable end advertising hoarding.
Sean Seery, Partner at Smith and Sons commented: “Each of these properties presents an attractive proposition for savvy investors or business owners. We have already begun viewings and am pleased to see strong interest in all.”