47-51 Warrington Road, Prescot, L34 5QY
324.65 Sq M
£445,000
Property Features
- Investment opportunity for sale
- Ground floor let to Alliance Property Holdings Ltd t/a Morrisons Only
- Residential upper floor flats
Property Summary
Excellent investment opportunity.
The property comprises an end terraced ground floor retail shop and four residential flats to the upper floors.
The ground floor is let to Alliance Property Holdings Ltd t/a Morrison Only and a new lease has been agreed for a term of 10 years at a rent of £18,000pa, on standard FRI terms, with a rent review and tenant break on the 5th anniversary. This is due to complete imminently. The ground floor retail benefits from storage area with side loading access along with office, chiller room and staff W.C.
The flats include three 1 bedroom flats and one 2 bedroom flat. Flats are let at a combined rental income of £1,705 pcm.
The property is fully let and producing a passing rent of £38,460 pa.
The property comprises an end terraced ground floor retail shop and four residential flats to the upper floors.
The ground floor is let to Alliance Property Holdings Ltd t/a Morrison Only and a new lease has been agreed for a term of 10 years at a rent of £18,000pa, on standard FRI terms, with a rent review and tenant break on the 5th anniversary. This is due to complete imminently. The ground floor retail benefits from storage area with side loading access along with office, chiller room and staff W.C.
The flats include three 1 bedroom flats and one 2 bedroom flat. Flats are let at a combined rental income of £1,705 pcm.
The property is fully let and producing a passing rent of £38,460 pa.