Lot
15
£260,000 - £280,000
46, 48 & 50 Grange Road West, Birkenhead
The property comprises two lock up shops currently trading as Caribbean Spice and a barber shop together with five, one bedroomed flats to the first floor. The property is situated in a main road position with public car parking nearby and in an area where a number of national retailers are represented. We are advised that each of the shops and all of the flats are tenanted on terms set out below producing an excellent rental income and yield. The freehold of number 50 Grange Road West is also included in the sale.
Details
| Auction Date | 04th December 2024 |
|---|---|
| Lot Number | 15 |
| Guide Price | £260,000 to £280,000 |
| Status | Available |
| Lot Type | Investment Mixed Use |
| Address | 46, 48 & 50 Grange Road West, Birkenhead, CH41 4DA view on map |
| Tenure | Freehold |
| Tenancies | 46 Grange Road West is let at a rental £450 per calendar month for a term of five years from 1 November 2023. 48 Grange Road West is let at £525 pcm. Flats 1,2 4 and 5 are let on ASTs at £425 pcm with Flat 3 let at £400 pcm. |
| Viewing | By arrangement with the auctioneers. |
Location
Accommodation
| Accommodation | We have been unable to inspect all of the properties but understand the accommodation to be as follows: |
|---|---|
| 46 Grange Road West | Barber shop with kitchen area and WC. |
| 48 Grange Road West | Restaurant area 356 sq ft, store/staff room 38 s ft, commercial kitchen 320 sq ft, inner hall, WC. |
| Flats 1-5 Grange Road West 46 Grange Road West | We are advised these are all one bedroomed units with living area, kitchen and bathroom/WC. |
Legal Pack
Flat-5-46-Grange-Road-West.pdf
464850-Grange-Road-West-AST-Flat-1-46a-Grange-Road-West.docx
Floor plans
There are no floorplan downloads for this property.
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Useful Links
Contact Details
51/52 Hamilton Square
Birkenhead
Wirral
CH41 5BN
Tel: 0151 647 9272
Fax: 0151 666 1336
Email: enquiries@smithandsons.net
