The premises comprises part of the ground floor of a larger building known as Victoria House (formerly Centre Point).
This investment comprises 3 separately accessed units including a restaurant, a supermarket and Halton Citizens Advice Bureau and these 3 units generate £54,250 per annum.
The first floor offices are available For Sale and have a separate listing on www.morganwilliams.com.
Victoria House is located in the heart of Widnes town centre overlooking Victoria Square and within easy access of all town centre amenities.
Centre Point is readily accessable off the A551 and is located at the heart of the town centre off Lugsdale Road overlooking Victoria Square within easy access of the
following :
M62 junction 7.3 miles
M56 junction 12.6 miles
Warrington 6.5 miles
Liverpool 14 miles
Chester 19 miles
Manchester 26 miles
Net Internal Area
Total: 936.3 m 10,074
Mains electricity, gas, water and drainage are connected.
Rates
Each units has its own Rateable Value and the Tenants are responsible to pay the Business Rates.
Asking Price
£600,000.
Based on the annual income of £54,250 the asking price equates to a Net Initial Yield of 8.6% taking into account purchasers costs at 5.1%.
Tenancy
The full tenancy schedule is available upon request.
Unit 1 & 2: Elena Hospitality Ltd: £25,000 per annum on a 9 year lease commencing 01/06/2019.
Unit 2A: Elinex Ltd: £10,000 per annum on a 9 year lease commencing 01/06/2019.
Unit 3: Halton Citizens Advice Bureaux: £19,250 per annum on a 12 year lease from 12/05/2018.
The property is available by way of a Long Leasehold interest.
Each party are to be responsible for their own legal cost incurred in this transaction.
For further information or to arrange a viewing please contact Morgan Williams, .
Josh Morgan