235-239 West End Road, Haydock, St Helens WA11 0AW

  • 1941 sq ft
Investment
£240,000

Tenanted Investment Property – For Sale

Description

We are pleased to offer for sale a fully Tenanted income producing commercial and residential investment opportunity.

The ground floor is let to a private individual that operates under a ‘Nisa’ retail franchise, for a term of 15 years from October 2017.   The ground floor accommodation comprises a large open plan shop floor together with stores and amenity to the rear.

The first floor provides 2 large separate self contained flats that are accessed from the rear, 1 x 2 bed and 1 x 1 bed.

Location

The property is prominently positioned on the corner of West End Road and Burrows Street, within a well established residential area, that is close to the main road junction with the A58 Blackbrook Road, which leads directly into St Helens Town Centre.

Accommodation

Ground  – Retail (NIA)  180.3 m²  1,941 ft²

First – Flat (GIA)  64.5 m²  695 ft²

First – Flat (GIA)  77.0 m²  828 ft²

Services

Mains electricity, gas, water and drainage are connected.

Tenancy Details

The ground floor is let for a term of 15 years from October 2017 at a rent of £14,000 per annum on a Tenants effectively full repairing and insuring basis.  There are rent reviews in 2022 and 2027 and a Tenant break option in 2027.

The first floor flats are let on Assured Shorthold Tenancy Agreements at £300 and £350 pcm respectively.

The total current rental income received is £21,800 per annum.

Sale Price

£240,000.

This offers a net initial yield of 8.5% after allowing for purchase costs at 2.6%.

VAT

The property is registered for VAT, however, it is expected that the sale will be treated as a ‘Transfer of a Going Concern’ TOGC.

Tenure

The Tenure is held Long Leasehold for a term of 999 years from 1876.

Viewing

For further information or to arrange a viewing please contact Morgan Williams on 01925 414 909

Contact

Rob Bates [email protected]

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Contact Information:

Morgan Williams

Mobile: 01925 414909 Fax: 01925 637619

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