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150, Albert Road, Widnes, WA8 6LG

Mixed Use Investment Opportunity – Ground Floor Retail Premises & 3 x Self-Contained Studio Flats – Total Potential Income of £26,...
Location: 150 Albert Road, Widnes, WA8 6LG
Property type: Mixed Use, Flat, General Retail, Other Property Types & Opportunities, Residential, Retail
Tenure type: For Sale Freehold
Tenancy type: Investment
Ground floor let at £695 pcm (£8,340 pa)
Self-contained studio flats
3 x studio flats let at £450 pcm each (£16,200 pa)
Potential gross yield of 14.18%
Excellent condition
Close to the town centre
Excellent transport links

This property is located on Albert Road, approximately one mile north east of Widnes town centre.
Nearby local amenities include; Morrisons supermarket, Marks & Spencer’s, a range of local independent retailers and Schooling options.
The property benefits a bus and coach station being situated just a few minutes’ walk via Albert Road. Widnes train station is one mile north west of the property, providing further access across the country.
Liverpool is located approximately 15 miles north west and Manchester is located around 25 miles to the north east of Widnes, both accessed via the M62 motorway.
• For Sale By Online Auction: 27th – 28th March 2019
• 3 x studio flats & ground floor shop, plus additional billboard advertising
• Freehold mixed use investment opportunity
• Current income of £24,540 per annum
• Additional income of £2,400 pa from billboard
• Potential income of £26,940 pa
This mixed-use end terrace property comprises a ground floor retail unit, currently trading as a Hairdressers. The upper floors comprise three self-contained studio flats in excellent condition throughout.
Each studio flat comprises open plan kitchen and bedroom with modern fitted base and eye level units, integrated gas hob and microwave and stainless-steel sink. The bathrooms each comprise fitted toilet, sink and glass shower cubical.
We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.
Investment Analysis
The ground floor is let at £695 pcm (£8,340 pa). Each self-contained flat is currently let at £450 pcm (£5,400 pa), generating a total income of £24,540 per annum. In addition, there is an advertising hoarding which can rent for £200 pcm. The property has the potential to generate a total potential income of £26,940 pa, representing a gross yield of approximately 14.25% on the guide price.
Guide Price
Buyer’s Premium
2% (min. £3,600) inc. VAT.
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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
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Viewing by Appointment
To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060
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