Pegittys Buildings, 10 High Street, Runcorn, WA71AU

Yieldit are pleased to present this unique and outstanding investment in a prime position on Runcorn High Street. Generating a fantastic 11.28% NET this is an opportunity not to be missed. The extremely lucrative freehold property contains two retail units which are each tenanted on long leases and a short term accommodation guest house with 12 bedrooms, 10 of which are ensuite and two which share a bathroom. There is also a shared kitchen, dining area, living room and laundry room.

The guesthouse has been established for over 20 years and is very popular in the area thanks to its friendly atmosphere, cleanliness and competitive rates. It’s well positioned close to several food and drink establishments and is popular for contractors working locally boasting fantastic occupancy rates. The retail premises are also ideally positioned to be in high demand in a prominent location on the high street.

Runcorn is situated in the southeast of the Liverpool City Region, with Liverpool 11 miles to the northwest across the River Mersey. The town has excellent transport links being surrounded by the motorway network and it is served by two railway stations providing services between Liverpool Lime Street, London Euston, Birmingham, Warrington, Manchester, Chester and North Wales.

It's a fantastic time to invest in Runcorn as it's undergoing an exciting period of investment, in 2019 the town received a 25million cash injection to encourage economic growth, focus on regeneration, improve transport infrastructure, skills and culture. In addition to this in 2021 £23.6m was allocated for the ‘Reconnecting Runcorn’ project to make the town “a prime location” by revitalising the town centre, improve the lives of locals and boost the local economy which will encourage growth and drive the demand for rental property. Now is an excellent time to invest in property in Runcorn so don’t miss out and enquire today.

Financial Breakdown

Gross Rent: £83,400.00
Net income: £68,616.00
Gross yield: 17.2%
Net yield: 14.15%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07171