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Agent's details

85-87, Victoria Road, Widnes, WA8 7RS

For sale: £190,000.00|2,454 Sq Ft

Property details

FOR SALE£190,000.00
SIZE2,454 Sq Ft
ADDRESS85-87, Victoria Road, Widnes, WA8 7RS
TENUREUnder Offer, For Sale Freehold
POSTED ON10th June 2020

Description

A substantial two storey end terraced building that is currently let to and operating as a hot food take-away.

The entire property is let for 21 years from 3rd June 2020 on a tenant's full repairing and insuring basis at a rent of £18,000 per annum.

The property is let to a limited company with the benefit of a personal guarantee.

The ground floor benefits from a modern and quality fit-out incorporating take-away, commercial kitchen, preparation, seating area and upper floor storage.

The property presents a long term investment opportunity and the lease contains no break options and upward only rent reviews at 3 yearly intervals.

Location
The property is situated at the head of Victoria Road adjoining the busy roundabout.

The surrounding area is a combination of commercial and residential properties, with the new Mersey Gateway Bridge accessible within 1 mile.

The main shopping centre in Widnes is accessible on foot and is less than a mile to the north east.

Accommodation
Ground 132 m 1,421 ft
First 96 m 1,033 ft
Total 228 m 2,454 ft

Services
Mains electricity, water and drainage are connected.

Rates
Rateable Value: £10,500.
Small Business Payable: Nil.
Non Qualifying Small Business Payable: £5,155,50

Sale Price
£190,000

Yield
A purchase at the above price represents an attractive gross yield of 9.25% after purchase costs for the benefit of this long term Lease.

Tenure
Freehold.

Contact
For further information or to arrange a viewing please contact Morgan Williams, 01925 414909.

Rob Bates RBates@morganwilliams.com




( Agency Pilot Software Ref: 626 )

Location

marker
Location: 85-87, Victoria Road, Widnes, WA8 7RS

Widnes (1.2 miles)

Runcorn (1.6 miles)

Hough Green (1.8 miles)

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