Mixed use investment for sale in Liverpool

COMMON USE CLASS: A1 Shops, C3 Dwelling Houses

This property is marketed by:
SK Real Estate

Key Features

• Mixed Use New Build Investment
• Potential Income Approx: £70,000 Per Annum
• In Close Proximity to Liverpool`s Knowledge Quarter & City Centre
• Potential Gross Yield Of 12.7%

Location

The property is located fronting onto Wavertree Road (B5178) close to its junction with Kinglake Street and in close proximity with Edge Lane (A5047), the main arterial route linking the M62 with Liverpool City Centre which is approximately 2 miles west of the subject property. The immediate surrounding area consist of predominately residential/student housing, with national commercial occupiers in close proximity such as Tesco Metro and Taskers Home Store to name but a few. The nearby knowledge quarter comprises a 450 acre site in the final stage of redevelopment providing space for creative industries such as, science technology, education and health at a cost of £2 billion.

The Property

The subject property consists of a double fronted three-storey new build end terrace of traditional brick construction, comprising a ground floor commercial unit, two self contained 4 bedroom apartments fit to an HMO standard benefiting from kitchen/diner with fully-integrated appliances, shower room, 2 WCs, part carpeted and part laminated flooring throughout and double glazing. The ground floor is currently fit out and trading as a pizzaria, benefiting from concrete flooring throughout, three phase electricity supply and a substantial basement spanning the entire ground floor with a head height of 4.2 metres. Externally the premises benefits from an aluminium framed frontage with the added security of electric roller shutters.

Accommodation

We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following approximate areas and dimensions:-

Basement

Net Internal Area: 102 sq.. (1,100 sq. ft.)

Ground Floor

Net Internal Area: 121.4sq.m (1,306sq.ft)

First Floor

Not Measured

Second Floor

Not Measured

Additional Information

The property is to be sold with vacant possession, alternatively, with the ground floor can be occupied with the potential to produce £20,000 per annum, terms to be agreed. The first and second floor is currently occupied on an informal basis by way of serviced apartments, currently producing £4,000 per calendar month. Further details available upon request.

Guide Price

£550,000 for the Freehold interest.

Rates

Interested parties should make their own enquiry of Liverpool City Council`s Rating Department on 0151 233 3008 or www.voa.gov.uk/business rates.

EPC

A full copy of the EPC is available upon request.