101, 103 & 103A Main Street, Frodsham, Cheshire, WA6 7AB
£106.06 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,007 sq ft
372 sq m
- SECTOR
High street retail property for sale
Key features
- Main Road Town Centre Location
- Majority Let to Coral Racing Limited
- Attractive Building
- Roadside Parking
- 3 no. Individual Tenancies
Description
Frodsham is a vibrant market town situated 11 miles north east of Chester City Centre and 16 miles south of Liverpool close to the M56 motorway.
The investment occupies a prominent position on the A56 Main Street, the major thoroughfare through the town and is close to the railway station which links to all surrounding areas.
Description
The Grade II listed building comprises 3 individual shops arranged over basement, ground, first and second floors with Coral Racing occupying the majority of the upper floor accommodation.
The property is brick built under a pitch slate roof and has been partly extended at the rear in parts. Roadside parking is immediately available at the front with ample parking provision at the rear and around the town.
Services
Mains electricity, gas, water and drainage are connected.
Tenancy Information
101 Main Street - An individual let on a 9 year lease from 22/06/2016 at £14,000 per annum, subject to a schedule of condition.
103 Main Street - Coral Racing Limited on a 10 year lease from 24/06/2016 at £20,000 per annum, subject to a schedule of condition.
103a Main Street - An individual let on a 5 year lease from 12/11/2020 at £8,500 per annum.
Total rental income: £42,500 per annum.
Asking Price
We are instructed to seek offers in excess of £425,000 for the sale of the freehold interest in the property, which will show a purchaser an attractive net initial yield of 9.6% after usual purchasers costs.
Tenure Comments
Freehold.
Brochures
101, 103 & 103A Main Street, Frodsham, Cheshire, WA6 7AB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Frodsham Station0.2 miles
- Helsby Station2.3 miles
- Runcorn Station3.0 miles
About Morgan Williams Commercial LLP, Warrington
720 Mandarin Court Centre Park Warrington WA1 1GG
As one of the longest established and best known professional Chartered Surveyors and Commercial Estate Agents in Warrington, we take pride in offering a quality service throughout Warrington, Leigh, Cheshire, Merseyside and surrounding areas.
Morgan Williams Chartered Surveyors has built a reputation of providing quality service to a growing client base of corporate, local authority and private customers. We can advise on various aspects of commercial property. In addition to sales, le
Notes
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