Guide Price: £110000 Leasehold Rental Income: £13780 Per ... - Realla
RETAIL INVESTMENT FOR SALE 500 – 506 Prescot Road Liverpool L13 3DB
CV21 3EZ
Guide Price: £110,000 Leasehold Rental Income: £13,780 Per Annum Regulated by RICS 62 Regent Street, Rugby, Warwickshire, CV21 2PS Tel: 01788 554455 Fax: 01788 541187 Email: [email protected] Website: www.georgeandcompany.co.uk George and Company (Surveyors) Limited. Registered in England No. 7132697
Location
Tenancies
The city of Liverpool is a major commercial centre in the North West of England with a diverse economy and a resident population of approximately 500,000, a metropolitan population of 2.20 million, and is located just to the west of the M6 (18 miles) via the M62 and 34 miles west of Manchester (via the M62).
500-502 – let to Mo El Gadhy on a 250 year long lease from 10/06/16 at a fixed ground rent of £1,300 p.a.
The property is located within an established commercial position, on a busy urban road approximately 2.5 miles from Liverpool city centre and only 1.5 miles from the M62 Motorway.
506 – let to J McLoughlin on a 10 year FRIL from 22/06/16 subject to a break option in 22/06/19 and at a current rent of £6,240 p.a. due for review in 22/06/19. The total rental income is £13,780 p.a.
Description
Price
The property comprises three lock up shops in a prominent corner, situated within a three storey building. Number 500-502 has been sold on a long lease and number 504 comprises a floor area of 49.22 sq m (530 sq ft) and number 506 comprises 45.30 sq m (488 sq ft).
Offers are invited in the region of £110,000 which reflects a NIY of 11.2%.
504 – let to Mrs L Tagoe on a 10 year FRIL from 08/06/15 subject to a break option in 08/06/17 and at a current rent of £6,240 p.a. due for review in 08/06/18.
VAT All prices quoted are exclusive of VAT where chargeable.
Tenure Leasehold for a term of 999 years from 01/01/2016 at a ground rent of £1,050 p.a.
VIEWING: By appointment with George and Company Surveyors on 01788 554455.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Regulated by RICS 62 Regent Street, Rugby, Warwickshire, CV21 2PS Tel: 01788 554455 Fax: 01788 541187 Email: [email protected] Website: www.georgeandcompany.co.uk George and Company (Surveyors) Limited. Registered in England No. 7132697
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
CV21 3EZ
Guide Price: £110,000 Leasehold Rental Income: £13,780 Per Annum Regulated by RICS 62 Regent Street, Rugby, Warwickshire, CV21 2PS Tel: 01788 554455 Fax: 01788 541187 Email: [email protected] Website: www.georgeandcompany.co.uk George and Company (Surveyors) Limited. Registered in England No. 7132697
Location
Tenancies
The city of Liverpool is a major commercial centre in the North West of England with a diverse economy and a resident population of approximately 500,000, a metropolitan population of 2.20 million, and is located just to the west of the M6 (18 miles) via the M62 and 34 miles west of Manchester (via the M62).
500-502 – let to Mo El Gadhy on a 250 year long lease from 10/06/16 at a fixed ground rent of £1,300 p.a.
The property is located within an established commercial position, on a busy urban road approximately 2.5 miles from Liverpool city centre and only 1.5 miles from the M62 Motorway.
506 – let to J McLoughlin on a 10 year FRIL from 22/06/16 subject to a break option in 22/06/19 and at a current rent of £6,240 p.a. due for review in 22/06/19. The total rental income is £13,780 p.a.
Description
Price
The property comprises three lock up shops in a prominent corner, situated within a three storey building. Number 500-502 has been sold on a long lease and number 504 comprises a floor area of 49.22 sq m (530 sq ft) and number 506 comprises 45.30 sq m (488 sq ft).
Offers are invited in the region of £110,000 which reflects a NIY of 11.2%.
504 – let to Mrs L Tagoe on a 10 year FRIL from 08/06/15 subject to a break option in 08/06/17 and at a current rent of £6,240 p.a. due for review in 08/06/18.
VAT All prices quoted are exclusive of VAT where chargeable.
Tenure Leasehold for a term of 999 years from 01/01/2016 at a ground rent of £1,050 p.a.
VIEWING: By appointment with George and Company Surveyors on 01788 554455.
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
Regulated by RICS 62 Regent Street, Rugby, Warwickshire, CV21 2PS Tel: 01788 554455 Fax: 01788 541187 Email: [email protected] Website: www.georgeandcompany.co.uk George and Company (Surveyors) Limited. Registered in England No. 7132697
These particulars whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
