Description

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.

Details

Price £165,000
Category For Sale
Type Investment, Retail
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)
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Hoylake

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.

Description

WC facilities. One parking space in the shared rear yard.

Rooms

Room Area (sq m) Area (sq ft)
Retail Sales 156.63 1686
Rear Stores 16.26 175

Viewing Instructions

Strictly by arrangement with the sole agents.

Sean Seery
Residential / Commercial Management

E: sts@smithandsons.net
T: 0151 647 9272

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