Overview
Description
An opportunity to purchase an extremely attractive Freehold Investment Property comprising of a Substantial Ground Floor Retail Shop that is currently let on a secure 10-year lease from Lease from 1st May 2023. Above on the First Floor there is a Self-Contained 2 Bedroom Flat let on an Assured Shorthold Tenancy Agreement. The Property is offered subject to the current leases with the Shop producing a Rent of £600 per month (£7,200 P.A.) and the Flat is Let producing £425 per calendar month (£5,100) from 1st April 2020. The Property occupies a Bold Main Road Trading Position close to Birkenhead Park Railway Station in a Busy and well-populated area of Wirral. This is a prominent Trading Position that benefits from free on-street parking and in the immediate area there is a mixture of local shops, a Convenience Store etc. The Property is well-kept & presented and is offers an 8.8% return on Capital for a suitable Investor. The Ground Floor Shop is on two levels which are currently partitioned for Sunbed rooms. To the rear, there is a Brewing Area & Store. The First Floor is accessed from the Rear Yard to the Self Contained first-floor Flat comprising of a Large Lounge, Kitchen, 2 Bedrooms & a Bathroom. Outside, there is a Shared Rear Yard. The flat has the benefit of Gas Central Heating & Sealed Unit Double Glazing.
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