Under Offer
Liverpool – Cafe & Hair Salon
40 Walton Vale, Liverpool, Merseyside L9 2BUFreehold Shops Investment
Price
£125,000
Rent P.A.
£8,400
Yield
6.72%
Tenure
Freehold
Lease Term
7 Years
Years Left on Lease
1y
Area
1,283 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- A mid terraced building comprising a Ground Floor Shop with separate front access to a Hair/Beauty Salon at first floor level
- Lease expiry for both shops is 2025, no breaks
- Opposite Card Factory and amongst a host of multiple traders including Boots, Help The Aged, Hallmark, Greggs, British Heart Foundation, Iceland and many more
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
A mid terraced building comprising a Ground Floor Shop with separate front access to a Hair/Beauty Salon at first floor level.
Tenancy Description
The ground floor shop is at present let to M. Lunt (Café/Home Catering) for a term of 7 years from 1st May 2018 at a current rent of £4,800 per annum and the first floor shop is at present let to M. Lunt (Hair/Beauty Salon) for a term of 7 years from 1st May 2018 at a current rent of £3,600 per annum. Both leases provide for rent reviews every third year of the term and contains full repairing and insuring covenants.
Tenancies & Accommodation
Location Description
Occupying a prominent trading position opposite Card Factory and amongst a host of multiple traders including Boots, Help The Aged, Hallmark, Greggs, British Heart Foundation, Iceland and many more. Liverpool is a major commercial centre with excellent transport links via the M57, M58 and M62 which connects with the M6 some 35 miles west of Manchester.