183 Liverpool Road North, Liverpool, Merseyside, L31 2HH

Sold

Sold for

£70,000

Additional Costs / Fees will apply

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Property Details

Location

Description

A retail investment opportunity comprising a ground floor mid terrace building extending to approximately 28 Sq M (301 Sq Ft) (source EPC) and currently let at £550pcm, equivalent to £6,600 per annum. The rent rises to £600pcm in 2025 then £650pcm in 2026 for the remainder of the lease.

Location

The property forms part of a small parade of retail units fronting onto Liverpool Road North (A5147). The immediate surrounding area comprises a mixture of residential and retail properties, approximately 6 miles north of Liverpool City Centre and within a short drive of Crosby. Neighbouring retailers include a newsagents, barbers and restaurant.

Accommodation

Pugh & Co have inspected the property internally and the following measurements have been taken from the EPC -

Ground Floor

28 Sq M / 301 Sq Ft

Approx Site Area

Approximatley 69 Sq M (82 Sq Yds).

Tenancy

The property is let on a new 10 year lease to K M Massage Ltd commencing 23rd April April 2024 at a rent of £550pcm. The rent is geared to increase in 2025 and 2026. Rent review in year 5 along with tenant only break. We understand the tenant has been in occupation for 2 years prior to signing the new lease.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD APRIL AND CLOSES ON WEDNESDAY 24TH APRIL.

3. Energy Performance Certificate = E.