For Sale,60 - 64 Liverpool Road, Crosby ...
For Sale Investment
Mixed Use Investment Opportunity 60 - 64 Liverpool Road, Crosby, Liverpool L23 5SJ
• 597.7 Sq M (6,433 Sq Ft) • Income from 2 ground floor retail units £26,250 pa. • Income from 8 upper floor flats let on AST's £49,860 pa, total income £76,110 pa. Lambert Smith Hampton 5 St Paul's Square, Liverpool L3 9SL T +44 (0)151 236 8454
60 - 64 Liverpool Road, Crosby, Liverpool L23 5SJ
Location The subject property is located on Liverpool Road (A565) within Crosby approximately 6 miles north of Liverpool City Centre. The predominant use on Liverpool Road is local retailers at ground floor level and residential or office occupiers on upper floors. The A565 leads south to Liverpool City Centre and north to Southport. The nearest railway station is the Merseyrail Station at Blundellsands and Crosby approximately one mile west of the subject property. Description 64 Liverpool Road The property comprises 3 storey mid-terrace of traditional brick construction beneath a part-pitched part-flat roof. The ground retail unit currently trades as a café to the following specification: • Seating area with counter. • Plastered painted walls and ceiling. • Laminate floor. • Rear kitchen/preparation area.
Area 64 Liverpool Road 60/62 Liverpool Road 1st Floor Flats 1, 2, 3 & 4 2nd Floor Flats 5, 6, 7 & 8
Sq M 53.4 157.6 215.2 171.5
VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate. Legal Costs Each party to be responsible for their own legal costs incurred in any transaction. Business Rates The ground floor retail units are entered in the 2010 Rating List as follows: • 60-62 Liverpool Road Crosby - RV £15,500. • 64 Liverpool Road Crosby RV £5,500. • The residential flats fall under Council Tax Band A. The amount payable by each flat for the 2016/2017 financial year is £1,079.76.
60-62 Liverpool Road
Terms On request from retained agent.
Two storey end terraced building with converted loft space.
Tenure The property is held freehold under Title No's: MS597371 / MS324747 / MS245751.
The ground floor provides a retail unit currently trading as a beauty salon to the following specification: • Plastered and painted walls. • Laminate flooring. • Suspended ceiling. • Converted offering retail area and treatment rooms. The first and second floors of both properties have been converted into 8 no. 1 and 2 bed apartments to the following specification: • Open plan kitchen with lounge. • Bedrooms and bathroom. • Painted plastered walls and ceilings. • Laminate flooring. Externally the property benefits from an enclosed yard and additional space for 2 car parking spaces to the rear. Accommodation From areas provided to us we understand that the Net Internal Areas of the ground floor retail units and Gross Internal Areas of the flats are as follows: The upper floor apartments comprise of 7 no. x 1 bed flats and 1 no. x 2 bed apartment.
Sq Ft 575 1,696 2,316 1,846
Tenancies 60-62 Liverpool Road - a 5 year lease from 7 June 2013 to Pout Beauty Salon Ltd at £17,250 pa. 64 Liverpool Road - a 3 year lease from 12 June 2016 to Shake Shack at £9,000 pa, subject to a break clause after 18 months of the lease. The 8 upper floor apartments are let to 8 separate AST's at a monthly rent of £4,155 (£49,860 pa). A copy of the two commercial leases and a sample AST are available upon request. Energy Performance Certificate (EPC) The ground floor retail units both have an EPC Rating in Band D, while the residential flats fall within Band C. Copies are available upon request. Viewing and Further Information Viewing strictly by prior appointment with the sole agent: Robert Diggle Lambert Smith Hampton 0151 236 8454 [email protected]
Adam Taylor Lambert Smith Hampton 0151 236 8454 [email protected]
60 - 64 Liverpool Road, Crosby, Liverpool L23 5SJ External View from Vale Road
Image Copyright reproduced by Lambert Smith Hampton
Apartment View
Image Copyright reproduced by Lambert Smith Hampton
60 - 64 Liverpool Road, Crosby, Liverpool L23 5SJ Location
Image Copyright reproduced by Street Map
June 2016 © Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
Mixed Use Investment Opportunity 60 - 64 Liverpool Road, Crosby, Liverpool L23 5SJ
• 597.7 Sq M (6,433 Sq Ft) • Income from 2 ground floor retail units £26,250 pa. • Income from 8 upper floor flats let on AST's £49,860 pa, total income £76,110 pa. Lambert Smith Hampton 5 St Paul's Square, Liverpool L3 9SL T +44 (0)151 236 8454
60 - 64 Liverpool Road, Crosby, Liverpool L23 5SJ
Location The subject property is located on Liverpool Road (A565) within Crosby approximately 6 miles north of Liverpool City Centre. The predominant use on Liverpool Road is local retailers at ground floor level and residential or office occupiers on upper floors. The A565 leads south to Liverpool City Centre and north to Southport. The nearest railway station is the Merseyrail Station at Blundellsands and Crosby approximately one mile west of the subject property. Description 64 Liverpool Road The property comprises 3 storey mid-terrace of traditional brick construction beneath a part-pitched part-flat roof. The ground retail unit currently trades as a café to the following specification: • Seating area with counter. • Plastered painted walls and ceiling. • Laminate floor. • Rear kitchen/preparation area.
Area 64 Liverpool Road 60/62 Liverpool Road 1st Floor Flats 1, 2, 3 & 4 2nd Floor Flats 5, 6, 7 & 8
Sq M 53.4 157.6 215.2 171.5
VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate. Legal Costs Each party to be responsible for their own legal costs incurred in any transaction. Business Rates The ground floor retail units are entered in the 2010 Rating List as follows: • 60-62 Liverpool Road Crosby - RV £15,500. • 64 Liverpool Road Crosby RV £5,500. • The residential flats fall under Council Tax Band A. The amount payable by each flat for the 2016/2017 financial year is £1,079.76.
60-62 Liverpool Road
Terms On request from retained agent.
Two storey end terraced building with converted loft space.
Tenure The property is held freehold under Title No's: MS597371 / MS324747 / MS245751.
The ground floor provides a retail unit currently trading as a beauty salon to the following specification: • Plastered and painted walls. • Laminate flooring. • Suspended ceiling. • Converted offering retail area and treatment rooms. The first and second floors of both properties have been converted into 8 no. 1 and 2 bed apartments to the following specification: • Open plan kitchen with lounge. • Bedrooms and bathroom. • Painted plastered walls and ceilings. • Laminate flooring. Externally the property benefits from an enclosed yard and additional space for 2 car parking spaces to the rear. Accommodation From areas provided to us we understand that the Net Internal Areas of the ground floor retail units and Gross Internal Areas of the flats are as follows: The upper floor apartments comprise of 7 no. x 1 bed flats and 1 no. x 2 bed apartment.
Sq Ft 575 1,696 2,316 1,846
Tenancies 60-62 Liverpool Road - a 5 year lease from 7 June 2013 to Pout Beauty Salon Ltd at £17,250 pa. 64 Liverpool Road - a 3 year lease from 12 June 2016 to Shake Shack at £9,000 pa, subject to a break clause after 18 months of the lease. The 8 upper floor apartments are let to 8 separate AST's at a monthly rent of £4,155 (£49,860 pa). A copy of the two commercial leases and a sample AST are available upon request. Energy Performance Certificate (EPC) The ground floor retail units both have an EPC Rating in Band D, while the residential flats fall within Band C. Copies are available upon request. Viewing and Further Information Viewing strictly by prior appointment with the sole agent: Robert Diggle Lambert Smith Hampton 0151 236 8454 [email protected]
Adam Taylor Lambert Smith Hampton 0151 236 8454 [email protected]
60 - 64 Liverpool Road, Crosby, Liverpool L23 5SJ External View from Vale Road
Image Copyright reproduced by Lambert Smith Hampton
Apartment View
Image Copyright reproduced by Lambert Smith Hampton
60 - 64 Liverpool Road, Crosby, Liverpool L23 5SJ Location
Image Copyright reproduced by Street Map
June 2016 © Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
