COMMON USE CLASS: B1 Business
FOR SALE - BUSINESS NOT AFFECTED
The subject property is situated fronting onto Mount Pleasant at its` junction with Roscoe Street on the outskirts of the inner city retail core with the main shopping district of Liverpool One approximately 0.2 miles west. The immediate surrounding area comprises mainly a mixture of office and retail occupiers which includes barber shop, restaurants and Tesco Express to name but a few. The property is also in close proximity to a number of university buildings and student accommodation served well be excellent transport link.
The subject property comprises a basement premises within a four story end terrace period brick building. Internally, the property benefits from quarry tiled flooring, suspended ceiling incorporating spot lighting with the area separated by way of fixed glazed partitioning, WC and kitchen provision. Externally, the property benefits from kerbside parking provision (pay & display) with the rear of the premises comprising a small paved area and parcel of land
We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following approximate Net Internal Area:
Main Retail Sales: 113.3 sq.m. (1,220 sq.ft.)
Office 1: 13.8 sq.m (148 sq.ft)
Office 2: 15 sq.m (162 sq.ft)
Store: 8.8 sq.m (90 sq.ft)
Kitchen: 14.7 sq.m (158 sq.ft)
WCs: Not Measured
TOTAL: 165.2 sq.m (1,777 sq.ft)
We understand the property is held by way of a long leasehold interest for a Term of 125 years commencing September 2009 with a ground rent of £500 per annum.
Further details are available upon request.
We understand that the property is to be let to an independent Tattoo Studio, on an effectively Full Repairing and Insuring Lease for a Term of 5 years from April 2022, with a break option on the 3rd Anniversary of the Lease Term at a current passing rent of £20,000 per annum.
Further details available upon request
Full report available upon request.
We understand through internet enquiries the property has a rateable value of £10,750. Interested parties should make their own enquiry of Liverpool City Council`s Rating Department on 0151 233 3008 or www.voa.gov.uk/businessrates.
£225,000 plus VAT, reflecting a Net Initial Yield of 8.67% (after deducting purchasers costs of 2.47%)
Contact us via [email protected]