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235 - 239 West End Road, St. Helens, WA11 0AW

For sale: £240,000.00|1941 Sq Ft

PROPERTY DETAILS

FOR SALE£240,000.00
SIZE1941 Sq Ft
ADDRESS235 - 239 West End Road, Haydock, St. Helens, WA11 0AW
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Leasehold
POSTED ON29th October 2019

DESCRIPTION

We are pleased to offer for sale a fully Tenanted income producing commercial and residential investment opportunity.

The ground floor is let to a private individual that operates under a 'Nisa' retail franchise, for a term of 15 years from October 2017.

The ground floor accommodation comprises a large open plan shop floor together with stores and amenity to the rear.

The first floor provides 2 large separate self contained flats that are accessed from the rear, 1 x 2 bed and 1 x 1 bed.

Location
The property is prominently positioned on the corner of West End Road and Burrows Street, within a well established residential
area, that is close to the main road junction with the A58 Blackbrook Road, which leads directly into St Helens Town Centre.

Accommodation
Ground - Retail (NIA) 180.3 m 1,941 ft
First - Flat 1 (GIA) 64.5 m 695 ft
First - Flat 2 (GIA) 77.0 m 828 ft

Services
Mains electricity, gas, water and drainage are connected.

Tenancy Details
The ground floor is let for a term of 15 years from October 2017 at a rent of £14,000 per annum on a Tenants effectively full repairing and insuring basis. There are rent reviews in 2022 and 2027 and a Tenant break option in 2027.

The first floor flats are let on Assured Shorthold Tenancy Agreements at £300 and £350 pcm respectively.

The total current rental income received is £21,800 per annum.

Sale Price
£240,000.

This offers a net initial yield of 8.5% after allowing for purchase costs at 2.6%.

VAT
The property is registered for VAT, however, it is expected that the sale will be treated as a 'Transfer of a Going Concern' TOGC.

Tenure
The Tenure is held Long Leasehold for a term of 999 years from 1876.

Contact
For further information or to arrange a viewing please contact Morgan Williams, 01925 414909.
Rob Bates RBates@morganwilliams.com

( Agency Pilot Software Ref: 568 )

LOCATION

Location: 235 - 239 West End Road, Haydock, St. Helens, WA11 0AW

St Helens Central (1.8 miles)

Garswood (1.8 miles)

Lea Green (2.1 miles)

AGENT'S DETAILS

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