Commercial Property for sale

Grange Road West, Birkenhead

Sold STC £525,000

Property Description

Key features

  • INVESTMENT OPPORTUNITY
  • HUGE 11.6% YIELD
  • COMMERCIAL & RESIDENTIAL
  • OFFERS INVITED

Full description

MIXED COMMERCIAL/ RESIDENTIAL PORTFOLIO
OFFERS INVITED IN REGION OF £525,000
COMBINED RENTAL INCOME OF £60,699.96 PRODUCING A HUGE 11.6% YIELD

CONSISTING OF:

5 x Commercial Units:

19-21 Cole Street, Birkenhead CH43 4US
70-74 Grange Road West, Birkenhead CH41 4DB
76 Grange Road West, Birkenhead CH41 4DB
78 Grange Road West, Birkenhead CH41 4DB
80 Grange Road West, Birkenhead CH41 4DB

6 x Residential properties:

72a & 72b Grange Road West, Birkenhead CH41 4DB
Flats 1, 1A, 2 & 3, 75 Shrewsbury Road, Oxton CH43 8SS

19-21 Cole Street - Small independent long term leasehold, 125 years commencing circa 2010. Currently let on a full insure and repair lease paying £450 per month.

70, 72 & 74 Grange Road West - Consists of 3 shops combined into one large unit occupied by Mr P.B.S since 1999 paying a monthly contractual rent of £500. There is also the benefit of 2 x 3 bed flats above this unit. Each one produces a monthly rental of £450. Combined income £1400.

76 Grange Road West - Let on a long term leasehold dated 15th January 2010 until January 2034 to the Curry Hut Indian Takeaway with a rental agreement of £458.33 per month

78 Grange Road West - Let out to Go Direct Lettings East Wirral on a secure 7 year leasehold commencing 2013. Currently achieving a rental income of £450 per month for the ground floor retail space and communal wc. There is scope of letting two rooms on the first floor to increase the rental income on this unit.

80 Grange Road West - Recently refurbished and let on a full insure and repair lease of £500 per month. The current tenant is the Sun Lounge Tanning shop who have use of the whole building which consists of ground floor and first floor.

75 Shrewsbury Road - This period building is situated in a leafy sought after suburb of Wirral. It consists of 9 flats, 4 of which are available (Flat1, 1A, 2 & 3). 3 x 1 bed, 1 x 2 bed. All the flats are occupied with a combined annual rental income of £21,600.
The most recent comparable for a flat in the building was £90k (on sale Jones Chapman Prenton) making these units very desirable.


Property ref: 121_2546_4168435

More information from this agent

Nearest stations

  • Conway Park (0.5 mi)
  • Birkenhead Central (0.5 mi)
  • Birkenhead Park (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Barnes Property Sales, Barnes Property Sales Limited

45-47 Grange Road West, Birkenhead, CH41 4BZ

0151 954 0455 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Conway Park (0.5 mi)
  • Birkenhead Central (0.5 mi)
  • Birkenhead Park (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Barnes Property Sales, Barnes Property Sales Limited

45-47 Grange Road West, Birkenhead, CH41 4BZ

0151 954 0455 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 4168435. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Barnes Property Sales, Barnes Property Sales Limited. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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