47A Church Street, Runcorn, WA7 1LX

  • 401 sq ft
Investment
£50,000

Tenanted Investment Property – For Sale – UNDER OFFER

Location

The property is situated on Church Street within the main shopping area of Runcorn Old Town, where the majority of surrounding occupiers are retail based and convenient parking is available.

Access to and from Runcorn to the surrounding area has improved significantly due to the recent opening of the Mersey Gateway Bridge.

Description

A ground floor tenanted investment property that is let on a 10 year Lease from January 2012 to a private individual who operates an established hair dressing salon.

The current rent is £5,400 per annum and this has not changed since the Lease commenced.

Neighbouring occupiers include a Co-op food store and large car park, Costa Coffee and various local traders.

On-street parking is available on the opposite side of Church Street.

The first floor is not included and forms part of the next door property.

Accommodation

Net Internal Area

Sales:        32.5 m²     350 ft²

Kitchen:     4.7 m²        51 ft²

Total:        37.2 m²    401 ft²

Services

Mains electricity, water and drainage are connected.

Rates 

Rateable Value:                                          £5,600.

Payable 2017/18:                                      £Nil.

Non Qualifying Small Business Payable:  £2,609.

Sale Price

Offers over £50,000 will be considered.

A purchase around this level offers an attractive gross yield around 10%.

VAT 

We understand that VAT may be charged on the sale price although this will be confirmed in the legal pack.

Tenure 

Understood to be Long Leasehold

Contact

For further information please contact Morgan Williams, 01925 414909.

Rob Bates RBates@morganwilliams.com

Joshua Morgan JSMorgan@morganwilliams.com

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Contact Information:

Morgan Williams

Mobile: 01925 414909 Fax: 01925 637619

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