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Aigburth Road, Aigburth, L17

£275,000

commercial property for sale

Key Features

  • Commercial Property
  • No Chain - Retirement Sale
  • Freehold Building (Retail Unit with 3 Bedroom Flat Above)
  • Potential Income of Circa £20,000 per Annum
  • Potential to Develop Flat into Sharing Let/HMO
  • Well Maintained & Presented Throughout
  • Excellent Investment Opportunity
  • Served by Excellent Transport Links
  • Situated on a Major Throughfare to Liverpool City Centre
  • Gas Central Heating & Double Glazing to Flat
  • Well Presented Rear Yard
Description

A RESIDENTIAL/COMMERCIAL MIXED USED INVESTMENT PROPERTY WITH A POTENTIAL ANNUAL INCOME OF CIRCA £20,000 PER ANNUM

Commercial Unit

The unit briefly comprises of; main retail area, storage area, stock room and W/C. The unit is currently owner occupied and trading as Academy Balloons. Academy Balloons will vacate the unit upon completion. We have completed lettings in the area recently and believe the unit will achieve a rent of around £850 per calendar month.

Flat

The accommodation briefly comprises of; modern fitted kitchen, large living room and a bathroom to the first floor. To the second floor are three bedrooms. The property is accessed through the back yard from the council entry.

The flat also benefits from double glazing and gas central heating and was refurbished approximately 7 years ago. The combi boiler is circa 3 years old.

The flat is available with the existing tenant (private tenant paying £450 pcm) or vacant possession. The existing owner has a good relationship with the tenant and has allowed the rent to remain well below market value. The open market rent is circa £800 pcm in-line with recent lettings we have completed.

General

Atlas Estate Agents are able to find quality tenants from just £282.50 and also offer full management at a rate of just 9.5%.

This opportunity will not be on the market for long so contact us today to arrange your viewing!
Further Details

Property Type: Commercial Property
Tenure: Freehold
No. of Floors: 3
Floor Space: 1,451 square feet / 134.80 square metres
EPC Rating: Pending
Rateable Value: £5,700 (relief may apply to rates payable, please check directly with the local authority)
Local Authority: Liverpool City Council
Parking: On Street
Heating/Energy: Gas Central Heating, Double Glazing
Use Class(es): A1 - Shop, A2 - Financial and Professional Services
Tenancy Schedule

Description Tenant Size/Area Rent ERV Lease Type Lease Start Date Lease Expiry Date Comments
Retail Unit Owner Occupied 508 sq ft
47 sq m
- £850 pcm Commercial Lease (FRI) - -
Flat Private Tenant 3 bedroom
943 sq ft
88 sq m
£450 pcm £800 pcm Assured Shorthold Tenancy 10/04/16 09/10/16 Tenancy is periodic (rolling)
TOTAL - 3 bedroom
1,451 sq ft
135 sq m
£5,400 pa £19,800 pa - - - -
Disclaimer

These particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers/tenants and do not constitute an offer or part of a contract. Prospective purchasers/tenants ought to seek their own professional advice.

All descriptions, dimensions, areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers/tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
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Michael Le Brocq
Michael Le Brocq
Sales & Lettings Director
Marketed by our
Aigburth Branch
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