INVESTMENT PROPERTY

Guide Price:   £180,000

On Market Frobishers - 0151 601 9394 - FR2695

• Retail Unit & 2 Bedroom Apartment
• Combined Income £13,900 PA
• Retail Unit - 10 Year Lease from 2019
• Apartment - 6 Month ASST
• Retail Unit - £8,500 PA
• Apartment - £5,400 PA
  

Investment property. Wirral. Retail unit and two bedroom duplex apartment. Combined income of £13,900 PA. Gross yield approx 8%. Commercial - 10 year lease from 2019. Freehold £180,000. FR2695.

Location

The property is situated on Mount Road, Tranmere, Wirral, between Borough Road and The Wiend. Tranmere is a densely populated area, close to local amenities and transport links.

Description

The subject premises comprises of a ground floor retail unit, trading as a barbers shop, with a two bedroom apartment above. The property is set within a mixed use parade of similar units with commercial elements below and residential accommodation above.

Retail Unit - 119 Mount Road

The ground floor retail unit extends to approximately 51.7m2 (556ft2) and briefly comprises of open salon and sales areas with kitchen to the rear.

Residential Accommodation - 119a Mount Road

The residential accommodation comprises a fitted kitchen, dining room, utility room, bathroom, lounge and two double bedrooms.

Tenancy Information

119 Mount Road – 10 Year Internally Repairing and Insuring (IRI) lease from October 2019 at £8,500 per annum, with no breaks and three year upward only rent reviews subject to minimum RPI increase. (October 2022 review outstanding at RPI this would increase rent to £8,925 per annum). 119a Mount Road – 6-month ASST at £450.00 pcm, generating an annual income of £5,400.

Tenure & Asking Price

Freehold. Offers are sought in excess of £180,000 for the property.

Viewings

For further information or to arrange a viewing of the premises please contact: Phil Jacob MRICS - 0151 601 9394 - enquiries@frobishersuk.com