Aigburth Road, Aigburth, L17

£179,950

commercial property sold subject to contract

Key Features

  • Commercial Property
  • Commercial Unit & Duplex Flat
  • Genuine Retirement Sale
  • Let & Managed by Professional Local Agent
  • Annual Income of £21,266
  • Fantastic Yield of 11.8%
  • Significant Rent Increase Potential on Flat
  • Zero Void Periods for Past 30 Years+
  • Excellent Transport Links
  • Situated on a Major Throughfare to Liverpool City Centre
  • Viewing Highly Recommended
Description

A RESIDENTIAL/COMMERCIAL MIXED USED INVESTMENT PROPERTY PRODUCING AN ANNUAL INCOME OF £21,266 PER ANNUM AND OFFERING AN ATTRACTIVE 11.8% YIELD

Commercial Unit

The property briefly compromises of; glazed timber shop front, main retail area, back room with kitchen facilities and a good size back yard containing a detached W/C. The unit is currently trading as 'Si's Barbers'.

Type: Retail/Office
EPC Rating: TBC
Rateable Value: £4,950
Number of Floors: 1 (ground only)
Burglar Alarm: Yes but not working
Parking: On Street
Heating: Electric Heating
Use Class: A1 & A2
Services: Electric, Water, Waste (No Gas)

Flat

The accommodation briefly compromises of; modern fitted kitchen, large living room with bay window and breakfast bar, bathroom, separate W/C and a utility room to the ground floor. To the second floor are four spacious double bedrooms. The property is accessed through the back yard from the council alley way.

The property also benefits from double glazing, gas central heating, emergency lighting, fire alarm system and an intercom.

Type: Duplex Flat
EPC Rating: D63
Number of Floors: 2
Entrance Floor: 1st Floor
Burglar Alarm: Yes
Parking: On Street
Outside Space: Back Yard
Heating/Energy: Gas Central Heating, Double Glazing
Appliances: All landlord white goods/appliances/furniture included in the sale

The property is being sold subject to existing tenancies.

As an investment, the property is currently tenanted as per the tenancy schedule details below. Atlas Estate Agents are able to fully manage the tenancy for a fee of just 8% inc. VAT.

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
EPC Rating: Pending
Rateable Value: £4,950 (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
Burglar Alarm: Yes
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
Barber Shop Simon Heron 37 sq m
395 sq ft
£6,914 pa - Commercial Lease (FRI) 01/08/15 31/07/22 The lease allows for the rent to be increased by the RPI on each annual anniversary. The rent is due to rise again on 1/8/2018. The tenant has been in occupation since 2003.
Flat Yes 4 bedroom
£276 pw - Assured Shorthold Tenancy 01/07/17 30/06/18 Let to students with all bills included (gas, electricity, water, internet and TV licence). Students are exempt from council tax. The students are given 8 weeks free rent (summer retainer). The existing students are due to leave at the end of their tenancy and new tenants have been sourced. The landlord's bills for the last year are; water - £405, gas - £288, electric - £588, broadband - £432, TV licence - £147.
TOTAL - 4 bedroom
395 sq ft
37 sq m
£21,266 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

Living / Dining Room
6.41 x 4.17 metres (21' 1" x 13' 9")
Radiators, chimney breast, meter cupboard, bay window to front aspect, coving, carpet flooring and built in breakfast bar.

Kitchen
4.44 x 2.23 metres (14' 7" x 7' 4")
Range of high gloss white kitchen units, black laminate worktops, tiled splashback, stainless steal sink with taps, window to rear aspect, vinyl flooring, housing for appliances, combi boiler, radiator and extractor fan.

Utility Room
2.18 x 2.65 metres (7' 2" x 8' 9")
Plumbing for appliances, frosted window to rear aspect and carpet flooring.

Bedroom One
5.93 x 2.08 metres (19' 6" x 6' 10")
Wash basin, chimney breast, window to front aspect, carpet flooring and radiator.

Bedroom Two
4.35 x 2.18 metres (14' 4" x 7' 2")
Radiator, window to front aspect and carpet flooring.

Bedroom Three
4.35 x 2.68 metres (14' 4" x 8' 10")
Window to the rear aspect, wash hand basin, chimney breast, carpet flooring and radiator.

Bedroom Four
4.01 x 2.64 metres (13' 2" x 8' 8")
Radiator, window to the rear aspect, carpet flooring and wash hand basin.

Bathroom
2.69 x 2.36 metres (8' 10" x 7' 9")
Wash basin, W/C, shower enclosure, electric shower, radiator, extractor fan, frosted window to rear aspect, vinyl flooring and tiled splash back.

W/C
1.59 x 1.46 metres (5' 3" x 4' 10")
Wash hand basin, W/C, frosted window to the rear aspect, tiled splashback and vinyl flooring.

Barber Shop Main Area
7.03 x 4.18 metres (23' 1" x 13' 9")
Laminate flooring, single glazed shop front, external roller shutter.

Barber Shop Storage Room
3.75 x 1.94 metres (12' 4" x 6' 5")
Sink with kitchen unit, back door to rear yard and laminate flooring.

Floor Plans

There are currently no floor plans for this property.
Documents/Brochures

There are currently no documents/brochures for this property.
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Michael Le Brocq
Michael Le Brocq
Sales & Lettings Director
Marketed by our
Aigburth Branch
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