65 Widnes Road, Widnes, WA8 6AZ

  • 1476 sq ft
Investment
£185,000

High Street Retail Investment – For Sale 

Location

The property is located on Widnes Road in Widnes Town Centre, close to the pedestrianised section of and in close proximity to Green Oaks Shopping Centre and Albert Square Shopping Centre.

Occupiers such as Marks & Spencer, Costa Coffee, BHS, New Look and KFC are located on Widnes Park which is in the immediate vicinity and provides free parking. The development has helped to increase pedestrian traffic to the area.

Description

This investment opportunity consists of a two-store retail unit, currently occupied by a Hair & Beauty Salon. The tenancy details can be found below.

The ground floor consists of ground floor retail, fitted out as a hairdressing salon and beauticians. There is a staff room, kitchen, WC facility, store and two treatment rooms at the rear.

The first floor has a treatment room, 3 office rooms, store, WC.

There is no parking allocated to the premises, but there is ample public parking in the area.

Accommodation 

Net Internal Area.

Floor Ft²
Ground Floor 63.82 687
First Floor 73.30 789
Total 137.12 1,476

Tenancy

The shop is tenanted by an individual and trades as “Pin Up” Hair, Beauty and Sun Bed Salon.

The lease, commencing October 2014, is for a term of 10 years at a rental of £16,800 with no breaks.

Sale Price

The investment is available to buy at £185,000 which represents a net initial yield of 8.9% assuming purchase costs of 2.2%.

Lease Terms

The suite is available on a new Tenant’s effectively Full Repairing and Insuring lease for a 3 or 5 year term.

Tenure 

Freehold.

Legal Cost 

Each party to be responsible for their own legal costs incurred in this transaction.

Contact 

Josh Morgan – JSMorgan@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