235 - 239 West End Road, St Helens, Merseyside
, WA11 0AW
, United Kingdom Price: Sale Price: £240,000
Size: 1941 sq ft180 sqm Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH639202 Property Ref/Agent: 568
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: November 17, 2021
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.
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.
Ground - Retail (NIA)
First - Flat 1 (GIA)
First - Flat 2 (GIA) 77.0 m
Mains electricity, gas, water and drainage are connected.
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.
This offers a net initial yield of 8.5% after allowing for purchase costs at 2.6%.
The property is registered for VAT, however, it is expected that the sale will be treated as a 'Transfer of a Going Concern' TOGC.
The Tenure is held Long Leasehold for a term of 999 years from 1876.
For further information or to arrange a viewing please contact Morgan Williams, 9.
Rob Bates RB
15 Year Lease from October 2017
Busy Main Road Corner Position
Densely Populated Residential Area
Two Separately Tenanted Flats
Net Initial Yield 8.5%
EPC for 235 - 239 West End Road, St Helens, Merseyside
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