23-25 Whitby Road, Ellesmere Port, Cheshire CH65 8AA

A mixed use investment opportunity comprising a large end of terrace building situated in Ellesmere Port Town Centre producing a combined current annual rental income of approximately £50,500. The ground floor area extends to approximately 204 Sq.M (2,195 Sq.Ft) and comprises three former separate retail units which are currently being converted into a large restaurant by the incoming tenant. The two upper floors, which are separately accessed, consist of 7 flats detailing 5 x 1 bedrooms and 2 x studio's, of which all but one are currently let with the remaining vacant unit requiring refurbishment. The potential ERV once the remaining unit is let is approximately £56,000 which represents a gross yield in excess of 14% at our last quoted guide price. We understand the rent is paid full up to date and there maybe further opportunity to increase the rent to the housing benefit rate of £550pcm which would produce in excess of £60,000 income p/a.

The majority of the retail frontage is directly onto Whitby Road, the main road passing through Ellesmere Port Town Centre with the residential flats accessed via Cambridge Road. The immediate surrounding area houses a mixture of independent retailers and offices. Junction 9 of the M53 motorway network is a short drive away.