85-87 Victoria Road, Widnes, Cheshire WA8 7RS

  • 2454 sq ft
Investment
£190,000

Tenanted Investment Property  – For Sale

UNDER OFFER

Description

A substantial two storey end terraced building that is currently let to and operating as a hot food take-away.

The entire property is let for 21 years from 1st January 2019 on a tenant’s full repairing and insuring basis at a rent of £18,000 per annum.

The property is let to a limited company with the benefit of a personal guarantee.

The ground floor benefits from a modern and quality fit-out incorporating take-away, commercial kitchen, preparation, seating area and upper floor storage.

The property presents a long term investment opportunity and the lease contains no break options and upward only rent reviews at 3 yearly intervals.

Location

The property is situated at the head of Victoria Road adjoining the busy roundabout.

The surrounding area is a combination of commercial and residential properties, with the new Mersey Gateway Bridge accessible within 1 mile.

The main shopping centre in Widnes is accessible on foot and is less than a mile to the north east.

Accommodation

Ground   132 m²   1,421 ft²

First   96 m²   1,033 ft²

Total   228 m²   2,454 ft²

Services

Mains electricity, water and drainage are connected.

Rates

Rateable Value:  £10,500.

Small Business Payable:  Nil.

Non Qualifying Small Business Payable:   £5,155,50

Sale Price

£190,000

Yield

A purchase at the above price represents an attractive gross yield of 9.25% after purchase costs for the benefit of this long term Lease.

Tenure

Freehold.

Contact

For further information please contact Morgan Williams, 01925 414909.

Rob Bates [email protected]

pdf-icon


Contact Information:

Morgan Williams

Mobile: 01925 414909 Fax: 01925 637619

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