Retail Parade Investment Producing £45,850 pa – Consent To Convert First Floor To 6x Flats
DESCRIPTION Parade of tenanted ground floor retail units with vacant open plan office space to the upper floors. All of the retail units are currently let with Dominos Pizza and Age Concern as the two anchor tenants producing a combined rental income of £45,850pa. The office accommodation to the first floor benefits from current planning permission to be converted to provide 6 x one bedroom self-contained flats. LOCATION Located in the heart of Liscard Town Centre, directly opposite the Cherry Tree Shopping Centre on a popular stretch of the area with a high amount of footfall and passing trade. With extensive links to the rest of the Wirral and Liverpool City Centre nearby. The area houses numerous pubs/restaurants, banks, popular fast food eateries and a supermarket.
See Legal Pack
First floor – 4,100 sq.ft. - Open plan offices, kitchen & WCs Ground Floor 1-3 - 1,250 sqft - Dominos Pizza (DP REALTY LTD) - 20yr Lease from 22/06/12 £15,000 pa (Tenant Break Clause 21/6/23) 5-7 – 1,600 sqft - AGE CONCERN WIRRAL - 10yr Lease from 01/12/18 £15,250 pa Break last day of fifth year of term Review first day of fifth year of term 9 - 670 sqft - MARSHALL BUSINESS SERVICES LTD - 3yr Lease from 12/02/19 £7,800 pa 11 – 780 sqft – LH RETAIL LTD (Furniture Storage) - 12month License from 1/12/19 £7,800 pa NB – The sale can be transacted as a TOGC (Transfer Of Going Concern)
Energy Efficiency Rating (EPC)
Current Rating Unit 1 & 9 = C Unit 5-7 = B Unit 11 & 1st Floor = D
Wirral Metropolitan Borough Council
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.