This lot comprises two separate double fronted shops, together with a self contained basement unit which extends below both shops and with its own access from the rear all of which are fully let. 64 Market Street has recently been refurbished to a high standard and has been rewired, replastered, had sound and thermal insulation provided, electric heating renewed and recessed lights installed. 66 Market Street has been trading as a fast food takeaway and many of the commercial kitchen fittings including the extractor hood, cooker, fryers, ovens and sink are included in the sale. Both shops have shutters to the front and each have a parking space to the rear. The basement has its own access from the rear. It has a ceiling height of some 2.26 metres, has been tanked, and has in the past been used as offices but would be useful for storage and distribution.

Details

Auction Date 21st September 2022
Lot Number 11
Guide Price £70,000 to £80,000
Status Sold Prior
Lot Type Commercial Investment
Address 64 & 66 Market Street Plus Basement, Birkenhead, CH41 5BT view on map
Tenure Leasehold
Tenancies 64 Market Street is let from August 2022 at £350 pcm (£4,200 pa) 66 Market St is let from September 2022 for a term of three years at £110 per week (£5,720 pa) with a 3% p.a. increase in years two and three. The basement is let for 12 months from August 2022 at £150 pcm (£1,800 pa). There is therefore a total income of £11,720 pa.
Viewing By arrangement with the auctioneers.

Location

Accommodation

64 Market Street Front sales area and studio 19.1 sq metres Office 9.4 sq metres Rear hall with WC Kitchen 5.1 sq metres
66 Market Street Front area 24.4 sq metres Kitchen 23.1 sq metres WC
Basement Total floor area of 100 sq metres

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