32 Derby Road, Huyton, Merseyside, L36 9UJ
32 Derby Road, Huyton, Merseyside, L36 9UJ
The property is situated within the pedestrianised section of Derby Street in Huyton town entre, adjacent to national multiples such Home Bargains and in close proximity to a number of the national Banks. Huyton lies approximately 6 miles to the east of Liverpool city centre and benefits from excellent road communications being within 1.5 miles of the intersection of the M62 and M57 motorways.
Mid terrace two storey retail unit, trading as Linen Warehouse, with sales to the ground floor and ancillary storage, office, kitchen and WCs to the first floor.
Freehold.
The property is let to Towel Rail Limited for a term of 10 years from 2nd August 2010 at a rent of ú30,250 per annum. We understand that the tenant had a break option in 2015 which was not exercised. Towel Rail Limited had a turnover of ú12,795,092 for the year ending 31st March 2015 with a pre-tax profit of ú457,061 (Source: Company Check). We understand that they form part of the Yorkshire Linen group (www.yorkshirelinen.com) who trade from 43 UK stores.
VAT will be payable on the purchase price unless the conditions are met for it to be treated as a TOGC.
This property is subject to a 6 week completion.
