Aigburth Road, Aigburth, L17

£159,950

commercial property for sale

Key Features

  • Commercial Property
  • Commercial Unit & Duplex Flat
  • Excellent Investment Opportunity
  • Potential for Management by Professional Local Agent
  • Annual Income of £15,000
  • Fantastic Yield of 8.8%
  • Significant Rent Increase Potential on Flat
  • Commercial Tenant on Long Lease
  • Served by 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 £15,000 PER ANNUM AND OFFERING AN ATTRACTIVE 9.4% YIELD

Commercial Unit

The property briefly compromises of; main retail area, kitchen/preparation facility, storage area and a back yard with gated access. The unit is currently trading as 'Sugar n Slice' which appears to specialise in eat in and take away desserts.

Type: Retail
EPC Rating: F139
Rateable Value: £5,200
Number of Floors: 1 (ground only)
Use Class: A1, A2 and A5 assumed

Flat

The accommodation briefly compromises of; modern fitted kitchen, large living room and a bathroom. To the second floor are two spacious double bedrooms. The property is accessed through the back yard from the council alley way.

The property also benefits from double glazing and gas central heating.

Type: Duplex Flat
EPC Rating: D56
Number of Floors: 2
Entrance Floor: 1st Floor
Parking: On Street
Heating/Energy: Gas Central Heating, Double Glazing

General

The property is being sold subject to existing tenancies.

As an investment, the property is currently tenanted as per the tenancy schedule details below. However, following refurbishment/re-configuration of the flat, you could attract student and/or young professional tenants at a rent of £75-90 (depending on room size and quality of renovation) per week for a double bedroom with no en-suite and £90-110 (depending on room size and quality of renovation) per week for a double bedroom with en-suite bathroom. The rent is on an all bills included basis (gas, electricity, water, internet and TV licence - students are exempt from paying council tax but you would have to pay it for young professionals). There is also the possibility of increasing capacity through a loft conversion. Atlas Estate Agents are able to find quality tenants from just £239 inc. VAT and also offer full management at a rate of 10% 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: F139
Rateable Value: £5,200 (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, A5 - Hot Food Take Away
Tenancy Schedule

Description Tenant Size/Area Rent ERV Lease Type Lease Start Date Lease Expiry Date Comments
Commercial Yes - £550 pcm - Commercial Lease (FRI) 14/09/18 13/09/19 See Lease Report for more information
Residential Yes 2 bedroom
£700 - Assured Shorthold Tenancy 13/03/18 12/03/19 See tenancy agreement for more information
TOTAL - 2 bedroom
£6,600 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

There are currently no room details for this property.
Floor Plans

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Documents/Brochures

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