Commercial property for sale

Key Points

Description

We are delighted to offer for sale this multi tenanted mixed use investment property, that is fully let and income producing currently.

The property comprises two ground floor commercial units and a first floor flat.

The current total gross income stream amounts to £22,200 per annum.

The front ground floor is let to an established vape shop operator and the other sections are let to private individuals.

We consider there to be a good opportunity for future rental growth.

There are wc facilities included in each lettable part.

Location

The property is prominently situated on the corner of Widnes Road and Salisbury Street, close to the junction of Albert Road, within Widnes Retail centre.

The frontage is pedestrianised and the side and rear benefit from convenient vehicular access.

To the rear of the property is a large car park facility.

Asking Price

£210,000.

Services

Mains electricity, water and drainage are connected.

Tenure

Multiple Long Leasehold Titles.

Anti-Money Laundering Regulations

In accordance with Anti-Money Laundering Regulations, two forms of Identification and confirmation of the source of funding will be required from the successful purchaser.

Yield

A purchase at the asking price represents a gross yield of more than 10.5%, before any deductions to the gross rental income are applied or purchase costs.

Accommodation

Ground Floor Front Shop - Vape Shop
Ground Floor Rear Shop - Florist
First Floor Flat

VAT

We are advised that the property is not applicable to VAT.