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AGENT'S DETAILS


Wallasey – Freehold Retail Parade and Residential Investment

For sale: £290,000.00|4822 Sq Ft|Retail, Flat, General Retail, Retail - High Street, Retail Park, Mixed Use, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£290,000.00
SIZE4822 Sq Ft
ADDRESS144-148 Wallasey Road, Wallasey, Merseyside CH44 2AF
TYPERetail, Flat, General Retail, Retail - High Street, Retail Park, Mixed Use, Residential, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON1st June 2020

DESCRIPTION

Investment Consideration:
Comprising three retail units with three maisonettes on upper floors.
Three miles north-west of Liverpool City Centre.
Forms part of popular local retail parade.
VAT is applicable to this property.
Wallasey Road is the main arterial route between Wallasey Village and Liscard, Wallasey’s primary retailing area.

Property Description:
The property comprises three ground floor retail units with three self-contained three-bedroom maisonettes on first and second floors. One of these flats has been let on a long lease.

The property provides the following accommodation and dimensions:
No. 148 (Ground Floor Retail Shop): 49.14 sq m (529 sq ft)

No. 146 (Ground Floor Retail Shop): 62.33 sq m (671 sq ft)

No. 144 (Ground Floor Retail Shop): 43.57 sq m (469 sq ft)

No. 148A (First/Second Floor Flat)
3 Bedrooms, Kitchen and Bathroom/WC
90.00 sq m (968 sq ft)

No. 146A (First/Second Floor Flat)
3 Bedrooms, Kitchen and Bathroom/WC
146.00 sq m (1,571 sq ft)

No. 144A (First/Second Floor Flat)
3 Bedrooms, Kitchen and Bathroom/WC
58.00 sq m (624 sq ft)

Tenancy:
Shop No. 148 is at present let to an Individual t/a Paradise Tanning for a term of 6 years from 18th March 2019 at a current rent of £6,600 per annum and the lease contains full repairing and insuring covenants. The lease provides an option to determine on 18th March 2022 and the break clause in 2020 was not exercised. Rent deposit held of £1,100.

Shop No. 146 is at present let to an Individual t/a KL Food & Wine for a term of 7 years from 28th September 2019 at a current rent of £7,500 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent reviews every third year. The tenant has been in occupation since 2012.

Shop No. 144 is at present let to an Individual t/a Hair Salon for a term of 3 years from 9th August 2019 at a current rent of £4,560 per annum and the lease contains full repairing and insuring covenants. Rent deposit held of £380.

Flat No. 148A is at present let on a long lease to an individual for a term of
35 years from 6th August 1985 at a current rent of £2,400 per annum.

Flat No. 146A is at present let on an AST to an individual for a term of 3 years from 2019 at a current rent of £5,100 per annum. Rent deposit held of £425 and tenant has been in residence for many years.

Flat No. 144A is sold off on long lease to an individual for a term of 999 years from 8th February 1991 at peppercorn.

Location:
Wallasey is a busy Liverpool suburb located approximately 3 miles from Liverpool City Centre at the north-eastern corner of the Wirral Peninsula. Wallasey Road comprises a busy local retail parade and is the main arterial route between Wallasey Village and Liscard, Wallasey’s primary retailing area.

LOCATION

Location: 144-148 Wallasey Road, Wallasey, Merseyside CH44 2AF

Wallasey Village (0.8 miles)

Wallasey Grove Road (0.9 miles)

Birkenhead North (1.1 miles)

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