03/22/2019 - 11:29
60-62 Market Street, Hoylake, Wirral, CH47 3BB
This retail property investment comprises two ground floor lock up shop units let on one lease at £15,000 per annum. The residential uppers floors have been sold of on 999 year leases at a peppercorn rent. The asking price of £165,000 will produce an net initial yield of 8.9% allowing 2.1% for end purchasers costs.
|Address||60-62 Market Street, Hoylake, Wirral, CH47 3BB view on map|
|Tenure||Freehold subject to a lease on the ground floor for a term of 10 years from 1st October 2010 at an annual rental of £15,000 per annum. The rent was due for review in 2015 but this was not implemented. The tenant currently trades two businesses from the property Essentials and Vapes.|
|Area||178.29 sq.m (1,861 sq.ft)|
Located on the high street in Hoylake town centre, the property is located in a well established retail pitch, in a sought after West Wirral suburb. Other traders represented in this parade include Wetherspoons, Betfred and Subway.
WC facilities. One parking space in the shared rear yard.
|Room||Area (sq m)||Area (sq ft)|
|60 Market Street||£11,750|
|62 Market Street||£11,250|
All prices and rents quoted are exclusive of vat if applicable
Strictly by arrangement with the sole agents.
Residential / Commercial Management
T: 0151 647 9272