Aigburth Road, Aigburth, L17

£450,000 Offers in the Region of

commercial property under offer

Key Features

  • Commercial Property
  • Fully Let Producing £36,540 per Annum (8%+ Yield)
  • Potential to Increase Income By Refurbishing/Re-configuring Residential Aspect
  • Commercial Ground Floor Retail with 4x Residential Flats to Upper Floors
  • High Grade Commercial Tenant (Boots)
  • Opportunity to Break & Sell Flats Individually
  • Sought After South Liverpool Location
  • Served by Excellent Transport Links
  • Freehold Block
  • No Chain - Great Investment Opportunity
  • Viewing Highly Recommended
Description

A SUBSTANTIAL FOUR STOREY CORNER BUILDING OFFERING A BLEND OF COMMERCIAL/RESIDENTIAL INCOME WITH THE POTENTIAL TO ADD VALUE AND INCREASE REVENUE

Situated in Aigburth, a popular and affluent south Liverpool suburb and home to many well-known landmarks including Sefton Park, Sudley House, Otterspool Promenade, Aigburth Cricket Club and Lark Lane. Sefton Park is listed by English Heritage and covers a remarkable 235 acres. Lark Lane is a stones-throw from Sefton Park and is renowned for its bohemian chic atmosphere and features a diverse selection of wine bars, restaurants, coffee shops and independent businesses. Aigburth is also home to the ‘outstanding’ rated Sudley Junior School, Auckland College and St Margaret’s Academy, and offers excellent road, rail and bus links to Liverpool city centre.

The property comprises a substantial four storey building with Boots (the chemist) occupying the ground floor commercial and the upper floors providing four self contained residential flats, 3x one bedrooms and 1x 4 bedroom. Access for the residential accommodation is off Ashfield Road.

As an investment, the property is currently fully tenanted and Atlas Estate Agents are able to fully manage the property for a fee of just 8%.

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: 4
EPC Rating: Pending
Rateable Value: £0 (relief may apply to rates payable, please check directly with the local authority)
Local Authority: Liverpool City Council
Parking: On Street
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
Commercial Unit Boots 1,195 sq ft
111 sq m
£1,375 pcm £1,375 pcm Commercial Lease (IRI) 01/03/10 01/03/20 Boots have informally indicated they will be looking to renew their lease before expiry, they contribute 25% of the building insurance premium
Apartment 1 Vacant 1 bedroom
£425 pcm £425 pcm - - -
Apartment 2 Yes 1 bedroom
£397 pcm £550 pcm Assured Shorthold Tenancy 13/10/11 12/04/12 Tenancy has gone periodic, ERV is following refurbishment works
Apartment 3 Yes 1 bedroom
£395 pcm £550 pcm Assured Shorthold Tenancy 07/05/16 06/11/16 Tenancy has gone periodic, ERV is following refurbishment works
Apartment 4 Vacant 4 bedroom
- £850 pcm - - - Tenancy has gone periodic, ERV is following refurbishment works
TOTAL - 7 bedroom
1,195 sq ft
111 sq m
£31,104 pa £45,000 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.

All measurements are approximate.
Room Details

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Michael Le Brocq
Michael Le Brocq
Sales & Lettings Director
Marketed by our
Aigburth Branch
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