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.
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.
Ground 132 m 1,421 ft
First 96 m 1,033 ft
Total 228 m 2,454 ft
Mains electricity, water and drainage are connected.
Rateable Value: £10,500.
Small Business Payable: Nil.
Non Qualifying Small Business Payable: £5,155,50
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.
For further information or to arrange a viewing please contact Morgan Williams, 01925 414909.
Rob Bates RBates@morganwilliams.com
( Agency Pilot Software Ref: 626 )