Property Information
Address:
235 - 239 West End Road, St. Helens, Merseyside, WA11 0AW
, WA11 0AW
Price: Property no longer available.
Size: 1941 sq ft180 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH621192
Property Ref/Agent: 235 - 239 West End Road, St. Helens, Merseyside, WA11 0AW - 568
*Please use the agent ref when calling the agent directly.
Property 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 m
1,941 ft
First - Flat 1 (GIA)
64.5 m
695 ft
First - Flat 2 (GIA) 77.0 m
828 ft
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.
Contact
For further information or to arrange a viewing please contact Morgan Williams, 9.
Rob Bates RB
;