Available
Hoylake – Vacant Retail & Ground Rent
58 Market Street, Hoylake, Wirral, Merseyside CH47 3BBFreehold Vacant Retail and Residential Ground Rent Investment
Price
OIEO £295,000
Rent P.A.
ERV: £20,010
Tenure
Freehold
Area
2,270 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Vacant possession
- ERV: £20,010 p.a. GIY 6.78%
- VAT is applicable to this property
- Comprises vacant ground floor shop and residential flat above (sold-off)
- Nearby occupiers include Co-Op Pharmacy, Betfred, Post Office, Age UK and Co-Op Funeral Care, amongst others.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises large ground floor shop (former Subway), and benefits from rear access and a garage. The property includes maisonette on the first and second floor, which has been sold on long leasehold.
Ground Floor: 119 sq m (1,280 sq ft)
Retail Area, Office, WC, Rear Garage
First/Second Floor: Maisonette (sold-off)
Ground Floor: 119 sq m (1,280 sq ft)
Retail Area, Office, WC, Rear Garage
First/Second Floor: Maisonette (sold-off)
Tenancy Description
The ground floor shop is at present vacant. ERV: £20,000 p.a.
The first/second floor maisonette has been sold on long leasehold for a term of 999 Years from 1st January 2015 at a ground rent of £10 p.a.
The first/second floor maisonette has been sold on long leasehold for a term of 999 Years from 1st January 2015 at a ground rent of £10 p.a.
Tenancies & Accommodation
Location Description
Hoylake is an affluent seaside town situated in the Metropolitan Borough of Wirral on the north-west corner of the Wirral Peninsula, where the River Dee estuary meets the Irish Sea. Road access is via the A553 which leads to junction 2 of the M53 Motorway. Liverpool lies 12 miles to the east and Chester 27 miles to the south. The property is situated on the eastern side of Market Street, close to its junction with Alderley Road on the towns principal retail thoroughfare. Occupiers close by include a Sainsburys Local (opposite), Co-op Pharmacy, Post Office, Betfred, Age UK and a Co-op Funeral Care.
