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85-87 Victoria Road, Cheshire, WA8 7RS

Retail for sale

£190,000
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Total price
2454Sq Ft
Space

A substantial two storey end terraced building that is currently let to and operating as a hot food take-away.

The entire property is let for 21 years from 3rd June 2020 on a tenant's full repairing and insuring basis at a rent of £18,000 per annum.

The property is let to a limited company with the benefit of a personal guarantee.

The ground floor benefits from a modern and quality fit-out incorporating take-away, commercial kitchen, preparation, seating area and upper floor storage.

The property presents a long term investment opportunity and the lease contains no break options and upward only rent reviews at 3 yearly intervals.

Location

The property is situated at the head of Victoria Road adjoining the busy roundabout.

The surrounding area is a combination of commercial and residential properties, with the new Mersey Gateway Bridge accessible within 1 mile.

The main shopping centre in Widnes is accessible on foot and is less than a mile to the north east.

Accommodation

Ground 132 m 1,421 ft

First 96 m 1,033 ft

Total 228 m 2,454 ft

Services

Mains electricity, water and drainage are connected.

Rates

Rateable Value: £10,500.

Small Business Payable: Nil.

Non Qualifying Small Business Payable: £5,155,50

Sale Price

£190,000

Yield

A purchase at the above price represents an attractive gross yield of 9.25% after purchase costs for the benefit of this long term Lease.

Tenure

Freehold.

Contact

For further information or to arrange a viewing please contact Morgan Williams, .

Rob Bates

Listed Features

  • Modern Design
  • Multiple floors
  • Kitchen
  • Shopping Centre
  • Storage
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Morgan Williams Chartered Surveyors