3 Suez Street, Warrington, WA1 1EF

  • 635 sq ft
Investment
£70,000

Tenanted Retail Investment Property – For Sale – Under Offer

Location

The property is located at the junction of Suez Street and Cairo Street in Warrington town centre, within close proximity to a range of amenities.

Suez Street provides access to Mersey Street (A49) one of the main arterial routes within Warrington. The A49 leads to both Junction 9 of the M62 motorway some three miles to the north of the property and Junction 10 of the M56 motorway, located four miles to the south.

Description

The property comprises a two storey mid terraced retail unit with brick elevations under a pitched slate roof.

The property is let to Temp Station Limited for a 3 year term from the 23 March 2015 at a rental of £5,400 per annum with a bond of £1,000 lodged.

Temp Station Limited operate blue collar recruitment consultancy services and have several other branches across the UK.

Accommodation 

Net Internal Area.

Ground Floor 24.35 m² 262 ft²
First Floor 23.51 m² 253 ft²
Basement 11.15 m² 120 ft²
Total 59.01 m² 635 ft²


Services 

Mains electricity, water and drainage are connected.

Rateable Value

Draft 2017 Rateable Value:  £5,800.

Tenure

The property is held long leasehold for 999 years from 25 March 1840 at a ground rent of £6 per annum.

Sale Price 

The investment is available to buy at £70,000 which represents a net initial yield of 7.5% assuming purchase costs of 3%.

VAT

We understand that VAT is not applicable to the purchase price, although this will be confirmed when the legal pack is issued.

Contact 

Rob Bates – rbates@morganwilliams.com

Brochure

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Contact Information:

Morgan Williams

Mobile: 01925 414909 Fax: 01925 637619

720 Mandarin Court, Centre Park, Warrington, WA1 1GG