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Mixed Uses for auction in Castell Grove, WA10

Create Alert 2 results Sorry, we currently do not have any listings in 0 miles of Castell Grove, WA10 - Please find below the nearest listings available.
Auction date: 24th & 25th July 2019
Mixed use premises
Retail premises to front & Five-bedroom end terrace house
Residential house offers potential to be a HMO or converted to flats (STP)
Small garden, detached double garage & off-street parking
GF retail premises let to a French patisserie ‘Artisane’
Current income £300 pw (£15,600 pa)
Lots of potential to add capital value
Popular residential location

Property Details
•For Sale by Online Auction – 24th & 25th July 2019
•Guide Price: £390,000 – £410,000
•Spacious mixed-use property including retail shop & large end terrace house
•Partially let: Retail shop income £300 pw (£15,600 pa) with additional opportunity to add value or additional income with the residential accommodation

•For Sale by Online Auction – 24th & 25th July 2019
•Guide Price: £390,000 - £410,000
•1 Eldred Road, Liverpool, L16 8NZ & 263 Woolton Road, Liverpool, L16 8NA
•Spacious mixed-use property including retail shop & large end terrace house
•Partially let: Retail shop income £300 pw (£15,600 pa) with additional opportunity to add value or additional income with the residential accommodation

This spacious mixed-use property is located within a popular and highly desirable residential location, benefitting from two separate addresses and located in a corner position fronting both Woolton Road and Eldred Road.

Enjoying totally separate access, the commercial premises are located to the ground floor and front Woolton Road. The shop is leased to a French patisserie ‘Artisane’. The shop is refurbished to a high standard and is an established café within the area enjoying lots of passing footfall.

The residential premises are accessed from Eldred road, the property is a delightful double fronted end terrace property offering spacious accommodation over two floors.

The accommodation includes; a fitted kitchen, two spacious reception rooms, utility, and shower room to the ground floor. To the first floor there are five bedrooms, a shower room and an additional WC.

The property is neutrally decorated throughout and of a reasonable standard internally and externally.

The property enjoys driveway parking for two cars, a small private garden/ patio area and a detached double garage.

GF total – 51.62 Sq. M (555 Sq. Ft)
FF total – 96.73 Sq. M (1041 Sq. Ft)
House total – 148 Sq. M (1,593 Sq Ft)

Retail shop and premises total – 32.5 Sq. M (349 Sq. Ft) – taken from VOA
Please note all measurements are approximate.

We understand the property to have mains gas, electricity, water and drainage.


Investment Analysis
The property is currently part occupied, the retail premises are let to ‘Artisane’ a French patisserie for £300 pw (£15,600 pa), the café is well established within the area and the tenants have been in situ since 2012. The occupants are on a periodic tenancy.

The house is currently unoccupied however would be suitable for a variety of uses and offers great potential to add capital value.

Subject to the necessary planning permissions the property could be utilised as a 5/6 bedroom HMO, converted into flats or the retail portion of the property could be extended across the ground floor to create a larger trading establishment, with flats or owners accommodation to the first floor.

Council Tax and Rates
The house is rated in Council Tax Band D. Council Tax payable (2019/20) is approximately £1,949.

The retail premises have a current rateable value of £7,700 pa.
We would advise all parties to make their own enquiries.

Buyers Premium
2% (min. £3,600) inc. VAT
1, Eldred Road, Liverpool, L16 8NZ
Mixed use premises
Type: Mixed Use, Other, Other Property Types & Opportunities
Location: 1 Eldred Road, Liverpool, L16 8NZ
Images: 19
Brochures: 1
View Property

Ground floor let at £695 pcm (£8,340 pa)
Self-contained studio flats
3 x studios let at £450 pcm each (£16,200 pa)
Potential gross yield of 15.4%
Excellent condition
Close to the town centre
Excellent transport links

Property Details

•3 x studio flats & ground floor shop, plus additional billboard advertising
•Freehold mixed use investment opportunity
•Current income of £24,540 per annum
•Additional potential 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 a double bedroom, open plan kitchen with modern fitted base and eye level units, integrated electric hob, microwave and stainless-steel sink. The ensuite shower rooms each comprise fitted toilet, basin and glass shower cubicle.

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.

We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.


Guide Price

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 could achieve a potential rent of £200 pcm. The property has the potential to generate a total potential income of £26,940 pa, representing a gross yield of approximately 15.4% based on the guide price.

Buyer’s Premium
2% (min. £3,600) inc. VAT.

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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,...
Type: Mixed Use, Flat, General Retail, Retail, Other Property Types & Opportunities, Residential
Location: 150 Albert Road, Widnes, WA8 6LG
Images: 11
Brochures: 1
View Property
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