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Prescot Road, Liverpool. Commercial investment 13% yield*

Offers in Excess of £330,000

Property Description

Key features

  • Commercial Property fully let and producing 12* yield.
  • Prominent Location
  • Large shop front
  • Income producing investment
  • Potential for residential development STP

Full description

*Commercial Investment opportunity currently fully let producing an excellent 13% yield*.
This property is currently yielding 13% as a commercial let, however, we anticipate that the majority of prospective investors would look to convert the top floors to residential.The owner has had some plans drawn up to convert the two upper floors to 9 x 1 bed flats. This would mean removing the 1st floor tenant which is the gym operator currently paying £11,000 per annum and on flexible lease terms so we can have this vacant quite easily. We estimate the 9 x 1 bed apartments would achieve £450 per month each so this would amount to £48,600 per annum plus the £31,000 from the 3 ground floor commercial units gives total potential of £79,600.We have estimated the cost for the full conversion to be between £160’000 to £180’000.This is a rough figure of what it could come to, This price includes all costings that would be needed for residential conversion, there would be need to be doorways/entrances, staircases, window, separate security entrance to residential, bike sheds and a few other things that would need to be done to make it compliant with regulation.If we work on the middle point of this estimate of £170’000.The full cost of the property and conversion would be £500’000.This would then give a yield of 16% on investment.

Sizes- Ground floor (514), 703 sq ft 65.30 sq m, Ground floor (516-518) 913 sq ft, 86.48 sq m, Ground Floor (520)- 1009 sq ft, 93.70 sq m, First Floor- 1857 sq ft, 172.53 sq m, Second Floors 1939 sq ft, 180.14 sq m. Total, 6421 sq ft, 596.53 sq m



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Important Notice 
marshallets limited endeavour to make our property particulars accurate and reliable, however, they do not constitute or form part of any offer or contract and are not to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective renters only, and are not precise. If you require clarification or further information on any points, please contact us.

More information from this agent

Nearest stations

  • Wavertree Technology Park (0.7 mi)
  • Broad Green (1.2 mi)
  • Edge Hill (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Marshall, Liverpool

83-85 Dale Street Liverpool L2 2HT

0151 954 0436 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.

Floorplans


To view this property or request more details, contact:

Marshall, Liverpool

83-85 Dale Street Liverpool L2 2HT

0151 954 0436 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

  • Wavertree Technology Park (0.7 mi)
  • Broad Green (1.2 mi)
  • Edge Hill (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Marshall, Liverpool

83-85 Dale Street Liverpool L2 2HT

0151 954 0436 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 6065874. 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 Marshall, Liverpool. 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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