Sales Particulars 245 Rake Lane Wallasey CH45 5DJ 13 April 2017 ...
For sale 245 Rake Lane Wallasey CH45 5DJ April 2017
08449 02 03 04 gva.co.uk/11809
245 Rake Lane, Wallasey
Highlights
Location
─ Investment property
The property is located in Wallasey approximately one mile north of Cherry Tree Shopping Centre, less than one mile south of New Brighton and 4 miles north of Birkenhead on the north-east side of the Wirral Peninsular. The Kingsway Tunnel is approximately 4 miles to the south-east giving access to Liverpool City Centre with a journey time of approximately 20 minutes.
producing approximately £19,000 per annum ─ Long-standing tenants ─ Multi-let hair salon ─ Large 3 - bed
maisonette ─ Opportunity to add
value through refurbishment ─ Offers invited
The property fronts onto the B5143 (Rake Lane) in a predominantly residential area and forms part of a small retail parade providing a mix of local amenities.
Description
Tenancies
The property comprises a three storey mid-terraced property providing retail accommodation to the ground floor with residential accommodation above.
The property is fully let generating a gross rental income of £19,044 per annum. Salient lease terms are as follows:-
The ground floor has a traditional glazed retail frontage onto Rake Lane and is configured as a ladies and gents hair salon. The gents salon (situated to the front of the unit) briefly comprises 4 styling chairs/cutting stations, two wash basins, a fitted counter and customer waiting area. The ladies salon (situated towards the rear) briefly comprises a customer reception area with fitted counter and a separate salon with a further 6 styling chairs/cutting stations and two wash basins. There is a separate staff room, toilet and store room located to the rear of the ground floor. The upper floors comprise a large self-contained 3-bed maisonette with access gained from a small courtyard to the rear of the property. The maisonette comprises a fitted kitchen, bathroom, lounge/ dining area and double bedroom to the first floor, with a further two bedrooms (one large double and a single) located on the second floor. There is gas central heating throughout.
Accommodation The property has been measured in accordance with the RICS Code of Measuring Practice and provides the following approximate floor areas. Description
Sq ft
Sq m
Commercial (ground floor)
893
83.0
Maisonette (first and second Floors)
1,424
132.3
Total
2,317
215.3
Ground floor commercial (front) Let on an inclusive basis for seven years until 30 September 2020 paying £7,848 per annum. There is a tenant-only break in September 2018. Ground floor commercial (rear) Let on an inclusive basis for seven years until 30 September 2020 paying £6,996 per annum. There is a tenant-only break in September 2018. Maisonette Let on an Assured Shorthold Tenancy paying £4,200 per annum.
Tenure We understand that the property is held freehold.
Business Rates From April 2017 the property has a rateable value of £1,925. The Small Business multiplier is currently46.6p which means the property has an annual rates liability of £897.05.
VAT All prices and rents quoted are expressed exclusive of VAT.
Asking Price Offers are invited.
Viewing All viewings are to be undertaken by prior arrangement through the sole agents, GVA.
For further information please contact: Alex Westerby 0161 956 4031 [email protected] Chris Walker 0161 956 4181 [email protected] Property ref gva.co.uk/11809
Our offices: Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool London Manchester Newcastle
GVA Norfolk House, 7 Norfolk Street, Manchester M2 1DW GVA is the trading name of GVA Grimley Limited an Apleona company. ©2017 GVA
GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.
April 2017
File number: 04B703126
(3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.
08449 02 03 04 gva.co.uk/11809
245 Rake Lane, Wallasey
Highlights
Location
─ Investment property
The property is located in Wallasey approximately one mile north of Cherry Tree Shopping Centre, less than one mile south of New Brighton and 4 miles north of Birkenhead on the north-east side of the Wirral Peninsular. The Kingsway Tunnel is approximately 4 miles to the south-east giving access to Liverpool City Centre with a journey time of approximately 20 minutes.
producing approximately £19,000 per annum ─ Long-standing tenants ─ Multi-let hair salon ─ Large 3 - bed
maisonette ─ Opportunity to add
value through refurbishment ─ Offers invited
The property fronts onto the B5143 (Rake Lane) in a predominantly residential area and forms part of a small retail parade providing a mix of local amenities.
Description
Tenancies
The property comprises a three storey mid-terraced property providing retail accommodation to the ground floor with residential accommodation above.
The property is fully let generating a gross rental income of £19,044 per annum. Salient lease terms are as follows:-
The ground floor has a traditional glazed retail frontage onto Rake Lane and is configured as a ladies and gents hair salon. The gents salon (situated to the front of the unit) briefly comprises 4 styling chairs/cutting stations, two wash basins, a fitted counter and customer waiting area. The ladies salon (situated towards the rear) briefly comprises a customer reception area with fitted counter and a separate salon with a further 6 styling chairs/cutting stations and two wash basins. There is a separate staff room, toilet and store room located to the rear of the ground floor. The upper floors comprise a large self-contained 3-bed maisonette with access gained from a small courtyard to the rear of the property. The maisonette comprises a fitted kitchen, bathroom, lounge/ dining area and double bedroom to the first floor, with a further two bedrooms (one large double and a single) located on the second floor. There is gas central heating throughout.
Accommodation The property has been measured in accordance with the RICS Code of Measuring Practice and provides the following approximate floor areas. Description
Sq ft
Sq m
Commercial (ground floor)
893
83.0
Maisonette (first and second Floors)
1,424
132.3
Total
2,317
215.3
Ground floor commercial (front) Let on an inclusive basis for seven years until 30 September 2020 paying £7,848 per annum. There is a tenant-only break in September 2018. Ground floor commercial (rear) Let on an inclusive basis for seven years until 30 September 2020 paying £6,996 per annum. There is a tenant-only break in September 2018. Maisonette Let on an Assured Shorthold Tenancy paying £4,200 per annum.
Tenure We understand that the property is held freehold.
Business Rates From April 2017 the property has a rateable value of £1,925. The Small Business multiplier is currently46.6p which means the property has an annual rates liability of £897.05.
VAT All prices and rents quoted are expressed exclusive of VAT.
Asking Price Offers are invited.
Viewing All viewings are to be undertaken by prior arrangement through the sole agents, GVA.
For further information please contact: Alex Westerby 0161 956 4031 [email protected] Chris Walker 0161 956 4181 [email protected] Property ref gva.co.uk/11809
Our offices: Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool London Manchester Newcastle
GVA Norfolk House, 7 Norfolk Street, Manchester M2 1DW GVA is the trading name of GVA Grimley Limited an Apleona company. ©2017 GVA
GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.
April 2017
File number: 04B703126
(3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.
