Retail
Under Offer
£425,000

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

01925 414 909
[email protected]

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71 Knutsford Road, Warrington, Cheshire, WA4 1AB

  • Prominent Knutsford Road Location
  • Large Yard/Parking Area
  • Partly Income Producing
  • Vacant Showroom for Use or Conversion
  • Ground Floor Rateable Value Only £11,250.
BEST & FINAL OFFERS BY 12 NOON ON FRIDAY 14 JANUARY 2022

We are delighted to offer for sale a distinctive two storey building that was formerly the Golden Lion Public House.

The property has been converted by our Client into a large ground floor retail showroom, that was formerly occupied as a fireplace showroom. The first floor comprises 3 separate 1 bed flats, that are currently rented out at £530 pcm, £500 pcm and £495 pcm.

To the rear is an enclosed yard and parking area with outbuildings, that has gated access to the right hand side of the property.

The ground floor is suitable for immediate occupation or for renting out investment or for splitting into multiple units, subject to Planning.

Location
The property is prominently positioned on the A5061 Knutsford Road, close to Bridgefoot and the southern edge of Warrington Town Centre.

Knutsford Road links Warrington Town Centre with the south east suburbs of Latchford, Grappenhall and Lymm and also links directly with the M6/M56 interchange at Lymm.

The immediate vicinity is commercial in character and the property is sat between car sales and a Halfords Repair Centre and directly opposite Latchford C of E Primary School.

Accommodation
Net Internal Area
Ground Floor Showroom: 145.5 m 1,566 ft
First: 3 no. self-contained 1 bed flats.
Outbuildings: Not measured.

Services
All main services are connected.

Rates
Rateable Value: £11,250.
Small Business Payable: Zero.
Non-Small Business Rates Payable 2021/22: £5,613.

We understand the Small Business Rate relief will be reviewed on the 1st April 2022 and the current situation may be subject to change.

Tenancy Information
The flats are let on Assured Shorthold Tenancy Agreements at rents of £530 pcm, £500 pcm and £495 pcm making the current income receivable to be £18,300 per annum.

The ground floor and outbuildings are sold with vacant possession. We are of the opinion that their rental value is in the order of £18,000 - £20,000 per annum exclusive.

Asking Price
£425,000.

Tenure
Freehold.

VAT
We understand the property is elected for VAT and the above purchase price is quoted exclusive of VAT.

Contact
For further information please contact Rob Bates.
Retail
Under Offer
£425,000

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