1-11 LISCARD VILLAGE, WALLASEY -Smith and Sons

This high yielding commercial investment not only is already producing a 10% yield but offers the potential to increase this further due to the extensive vacant first floor accommodation for which planning permission for 5 flats has been obtained. The investment is situated in a prominent main road position in the heart of Liscard town centre where many national retailers are represented. It enjoys good road links to the M.53 motorway and the Mersey Tunnel leading to Liverpool city centre. We understand that VAT is payable on the purchase price.

Details

Auction Date	07th July 2021
Lot Number	16
Guide Price	£450,000 to £500,000
Status	Sold
Sale Price	£500,000
Lot Type	Commercial Investment
Address	1-11 Liscard Village, Wallasey, CH45 4JG view on map
Tenure	Freehold
Tenancies	1/3 Liscard Village is let to DP Realty Ltd and occupied by Domino’s Pizza for a term of 20 years from 2012 with 5 year reviews at a rent of £15,000 pa. 5/7 Liscard Village is let to Age Concern, a registered charity for a term of 5 years from December 2018 at a rent of £15,250 pa. 9 Liscard Village is let to The Furniture Shop on a 6 month rolling licence at £7,800 pa. 11 Liscard Village is let to Tax Assist Accountants on a 3year lease from February 2019 at a rent of £7,800 pa.
Viewings	By arrangement with the auctioneers.

Location

Accommodation

Accommodation	It comprises 4 separate retail units together with self contained open plan first floor space extending to some 4,100 sq ft suitable for offices, dance studio/gym or residential use. We are advised that planning permission has been granted for 5 apartments and that this permission has been implemented. There are suspended ceilings and 3 phase electricity to the first floor together with upvc double glazed units.

It comprises 4 separate retail units together with self contained open plan first floor space extending to some 4,100 sq ft suitable for offices, dance studio/gym or residential use. We are advised that planning permission has been granted for 5 apartments and that this permission has been implemented. There are suspended ceilings and 3 phase electricity to the first floor together with upvc double glazed units.

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£450,000 - £500,000