Investment, Retail
Under Offer
£275,000

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

01925 414 909
[email protected]

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33A, 33B & 33C Widnes Road, Widnes, Cheshire, WA8 6AZ

  • Town Centre Location
  • Large Detached Building
  • Car Park to Rear
  • Income Producing
  • Freehold.
BEST & FINALS BY 12 NOON ON FRIDAY 4 JUNE 2021

*INVESTMENT OPPORTUNITY*

We are pleased to offer for sale a substantial detached investment property that is let for a 5 year term from 1st January 2021 at a current rent of £25,400 per annum on a tenants full repairing and insuring basis.

The property comprises a large retail showroom to the majority of the ground floor, together with an agency office to the remaining ground floor and office suites with wc and kitchen facilities to the first floor.

The property is situated within the heart of the Town Centre and enjoys vehicular access. It is close to an Asda Foodstore and opposite a Domino's Pizza take-away.

The whole property is let on a single Lease and we understand the Tenant sub-lets individual sections to the various occupiers.

The approximate layout is illustrated as per the attached plan.

There is a large car park included to the rear.

Location
The property is situated on Widnes Road within Widnes Town Centre, equidistant between the Asda Food Store and the main pedestrianised retail area of Albert Road. Surrounding property is predominantly retail.

Accommodation
Approx. Gross Internal Area

Ground: 225 m 2,422 ft
First: 225 m 2,422 ft
Total: 450 m 4,844 ft

Services
Mains electricity, water and drainage are connected.

Tenancy Information
The entire property is let for a term of 5 years from 1st January 2021 at a current rent of £25,400 per annum exclusive on a Tenants full repairing and insuring basis with a Landlord break clause at any time after 1st January 2024 and a tenant break clause on 1st January 2024 subject to 3 months prior notice. The Lease is excluded from the provisions of the Landlord & Tenant Act 1954.

Asking Price
£275,000.

Yield
The above asking price represents a net initial yield of 9% after taking into account purchase costs of 3%.

Tenure
Freehold.

VAT
We are advised that the property is currently not registered for VAT.

Contact: Rob Bates
Investment, Retail
Under Offer
£275,000

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

01925 414 909
[email protected]

  • View Brochure
  • Add To Shortlist
  • Send To Friend