Commercial Property for saleGrange Road West, Birkenhead
Sold STC £525,000
- INVESTMENT OPPORTUNITY
- HUGE 11.6% YIELD
- COMMERCIAL & RESIDENTIAL
- OFFERS INVITED
Full descriptionMIXED COMMERCIAL/ RESIDENTIAL PORTFOLIO
OFFERS INVITED IN REGION OF £525,000
COMBINED RENTAL INCOME OF £60,699.96 PRODUCING A HUGE 11.6% YIELD
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
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