Investment Consideration:
Gross Initial Yield: 7.08%
Rental Income: £12,750 p.a.
VAT is NOT applicable to this property
Comprises corner single storey building t/a tattoo parlour with ancillary at basement
Nearby occupiers include Tesco Express, William Hill, Bakery, Opticians and more.
Property Description:
The property comprises corner single storey building arranged as a ground floor tattoo parlour with ancillary at basement, providing the following accommodation and dimensions:
Ground Floor: Reception, Studio, Office, Kitchenette, WC
Basement: 2 Rooms
Total area size: 108 sq m (1,162 sq ft)
Tenancy:
The property is at present let to Beyond The Pines Ltd for a term of 10 years from 8th March 2022 at a current rent of £12,750 p.a. and the lease contains full repairing and insuring covenants. Rent review (open market upward only) and tenant option to determine on 8th March 2027. Deposit held of £3,187.50.
Tenure:
Long Leasehold. Held of a 999 year lease from 20th May 2008 at a ground rent of peppercorn.
Location:
Birkenhead is a town in the Metropolitan Borough of Wirral, Merseyside, England. The town is on the Wirral Peninsula, along the south bank of the River Mersey, opposite Liverpool. At the 2011 census, it had a population of 88,818. There are also good transport links with connections to the M53 in under seven minutes which links to the rest of Merseyside. In addition Birkenhead Park Station is 5 minute drive away. The property is situated on a popular High Street within Birkenhead with nearby occupiers including Tesco Express, William Hill, Bakery, Opticians, Restaurants and many more.
