The premises comprises a two-storey tenanted retail investment with a garage extension to the rear opening onto a loading bay.
The ground floor provides a retail area with a kitchen, store and WC to the rear. There is an internal staircase providing access to the first floor which is
The Tenancy Information can be found detailed within this brochure.
The property fronts Widnes Road opposite its junction with Hibbert Street within Widnes Town Centre. The position is close to the pedestrianised area of the Town Centre.
Albert Square Shopping Centre and Widnes Shopping park are both situated within a 1 minute walk from the subject premises.
Local occupiers include Natwest Bank, the Post Office, Betfred and Costa Coffee.
Net Internal Area
Ground 47.4 m 510 ft
First 38.5 m 414 ft
Total 85.9 m 924 ft
Mains electricity, water and drainage are connected.
Rates
Rateable Value: £6,900
Payable 2019/20: £3,387
Tenants will be eligible for a Small Business Rate Relief, so long as their business qualifies.
Tenancy Information
The premises is tenanted by an individual operating a convenience store paying an annual rental of £8,400.
The Lease is for a term of 9 years, commencing 13th September 2011 and expiring 12th September 2020.
Sale Price
£85,000
Producing a Net Initial Yield of 9.7% when taking into account purchasers costs.
Understood to be freehold.
Each party to be responsible for their own legal costs incurred in this transaction.
Contact
For further information or to arrange a viewing please contact Morgan Williams, .
Joshua Morgan