COMMON USE CLASS: A1 Shops
The subject premises is situated fronting onto Smithdown Road close to its junction with Langdale Road approximately 3 miles east of Liverpool City Centre. Smithdown Road (A562) is the main arterial route linking Liverpool City Centre and Queens Drive (A5058). The property forms part of a busy retail parade with the immediate surrounding area consisting of a mixture of residential housing and a mixed use commercial/residential premises which includes a number of local and national occupiers including Bargain Booze, Barber Shop, and Nomad Coffee shop to name but a few.
The property is a three storey mid terrace building of traditional brick construction under a pitched roof. It is flat fronted and faces directly onto the pavement comprising a ground floor commercial shop unit currently trading as a Food Bank Office and fit out for this purpose benefiting from gas central heating with storage to the rear as part of the two storey outrigger projection on the back and walled yard area. The upper floors comprise self-contained 6 bed HMO with access through main entrance contained within the front elevation via small vestibule.
We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following approximate areas and dimensions:
Net Internal Area: 42.6 sq.m (481 sq.ft).
We understand that the Ground Floor is currently let by Liverpool Independent Co-op (with personal guarantee), on an effectively Full Repairing and Insuring Lease for a Term of 5 years from September 2017 at a current passing rent of £7,800 per annum. The upper floors are a 6 HMO let on Assured Shorthold Tenancies at a collective rent of £24,946 per annum. Total Gross Income: £32,736 per annum.
Further details available upon request.
We understand the property is held Freehold and on behalf of of LPA/Fixed Charge Receivers.
We understand the property has a Energy Performance Rating of D. A full copy of the EPC is available upon request.
We understand through internet enquiries that the property has a rateable value of £6,600.
Interested parties should make their own enquiry of Liverpool City Council`s Rating Department on 0151 233 3008 or www.voa.gov.uk/businessrates.
£275,000, reflecting a Gross Yield of 12%.
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