Mixed-Use Shop and Flat Investment Opportunity Generating £9,336 Per Annum – Gross Yield 16.9%
The opportunity comprises a mixed-use property with tenanted ground floor shop and tenanted 2-Bedroom flat arranged over the first and second floors. Accommodation The ground floor shop comprises glazed frontage overlooking Argyle Street (A552); a front sales area with cashier counter; raised sales area to the rear; rear storage area and w.c. The flat is accessed via a self-contained entrance from Argyle Street leading to an entrance hallway which provides access to the staircase and cellar. The first floor provides a lounge and 1x bedroom with the second floor providing a 1x further bedroom, kitchen and bathroom. Location The property is located fronting Argyle Street (A552) on the edge of Birkenhead town centre close to neaby free open air parking and approximately 0.1 miles from Birkenhead Central Railway Station. The Queensway Tunnel providing quick access to Liverpool City Centre is located approximately 0.8 miles from the property. Tenancy We are informed of the following tenancy agreements. Please refer to legal pack for further details. Shop: Let on a 15-year lease with approximately 3 years remaining at £433 pcm / £5,196 per annum. Flat: Let on a rolling basis at £345 pcm / £4,140 per annum. The property generates a total income of £778 pcm / £9,336 per annum, equating to an approx gross yield of 16.9% of the guide price. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating To Follow
Wirral Metropolitan Borough Council
Buyer's Premium - 3.3% inc VAT of the purchase price payable on exchange of contracts.
Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
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Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.