Property Information
Address:
101 103 & 103A Main Street, Frodsham, Cheshire
, WA6 7AB
, Cheshire
, United Kingdom
Price: Buy: POA
Size: 4007 sq ft372 sqm
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH690769
Property Ref/Agent: 2114
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: September 16, 2024
Property description
Location
Frodsham is a vibrant market town situated 11 miles north east of Chester City Centre and 16 miles south of Liverpool close to the M56 motorway.
The investment occupies a prominent position on the A56 Main Street, the major thoroughfare through the town and is close to the railway station which links to all surrounding areas.
Description
The Grade II listed building comprises 3 individual shops arranged over basement, ground, first and second floors with Coral Racing occupying the majority of the upper floor accommodation.
The property is brick built under a pitch slate roof and has been partly extended at the rear in parts. Roadside parking is immediately available at the front with ample parking provision at the rear and around the town.
Services
Mains electricity, gas, water and drainage are connected.
Tenancy Information
101 Main Street - An individual let on a 9 year lease from 22/06/2016 at £14,000 per annum, subject to a schedule of condition.
103 Main Street - Coral Racing Limited on a 10 year lease from 24/06/2016 at £20,000 per annum, subject to a schedule of condition.
103a Main Street - An individual let on a 5 year lease from 12/11/2020 at £8,500 per annum.
Total rental income:
£42,500 per annum.
Asking Price
We are instructed to seek offers in excess of £425,000 for the sale of the freehold interest in the property, which will show a purchaser an attractive net initial yield of 9.6% after usual purchasers costs.
Tenure Comments
Freehold.
Main Road Town Centre Location
Majority Let to Coral Racing Limited
Attractive Building
Roadside Parking
3 no. Individual Tenancies
;