Freehold Retail Parade Investment
Freehold Retail Parade Investment
Wallasey is a busy Liverpool suburb located approximately 3 miles from Liverpool City Centre at the north-eastern corner of the Wirral Peninsula. Wallasey Road comprises a busy local retail parade and is the main arterial route between Wallasey Village and Liscard, Wallasey’s primary retailing area.
Freehold.
Wallasey is a busy Liverpool suburb located approximately 3 miles from Liverpool City Centre at the north-eastern corner of the Wirral Peninsula. Wallasey Road comprises a busy local retail parade and is the main arterial route between Wallasey Village and Liscard, Wallasey’s primary retailing area.
Freehold.
The property comprises three ground floor retail units with three self-contained three bedroom maisonettes on first and second floors. One of these flats has been let on a long lease.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises three ground floor retail units with three self-contained three bedroom maisonettes on first and second floors. One of these flats has been let on a long lease.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x. | Reversion | |
|---|---|---|---|---|---|---|---|---|
| 148 | Ground | Retail | 49.14 sq m |
(529 sq ft) |
INDIVIDUAL t/a Paradise Tanning |
5 years from 07/08/2017 (1) |
£7,500 | 06/08/2022 |
| 146 | Ground | Retail | 62.33 sq m |
(671 sq ft) |
INDIVIDUAL t/a KL Food & Wine |
7 years from 28/09/2012 |
£7,500 | 27/09/2019 |
| 144 | Ground | Retail | 43.57 sq m |
(469 sq ft) |
CHARITY SHOP (2) |
|||
| 148a | First/Second | Residential | 3 Bed Maisonette |
INDIVIDUAL | 35 years from 06/08/1985 |
£2,400 | 20/11/2020 | |
| 146a | First/Second | Residential | 3 Bed Maisonette |
INDIVIDUAL | AST from 17/07/2017 |
£5,100 | 26/08/2019 | |
| 144a | First/Second | Residential | 3 Bed Maisonette |
INDIVIDUAL | 999 years from 08/02/1991 (3) |
Peppercorn | 07/02/2990 | |
| Total |
155.04 sq m |
(1,699 sq ft) | £22,500 | |||||
(1) The lease provides an option to determine on 07/08/2020.
(2) The unit is currently occupied by a charity on a short term agreement, which can be terminated on 2 weeks’ notice
(3) The seller has served notice on the residential tenants, pursuant to Section 5B of the Landlord & Tenant Act 1987.
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