28 Elephant Lane, Thatto Heath, St Helens WA9 5QW
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Wednesday 14 May
- High Yielding Retail Investment
- Let to the Undoubted Covenant of Ladbrokes
- Long Standing Occupier of 20+ Years
- Recently Renewed Five Year Lease
- 2,332 sq ft (216.6 sq m)
- Large Site with Development Potential (subject to consents)
- Investment Let at £13,250 p.a. (13.25% GIY on Guide Price)
Description
StrapLine
Auction Sale - 13/05/2025High Yielding Retail Investment Let to the Undoubted Covenant of Ladbrokes
Ground Floor Retail with Offices to the Upper Parts Let to a Long Standing Tenant of 20+ Years
Let on a Recently Renewed Five Year Lease
Investment Let at £13,250 per annum
Description
The property comprises a high yielding retail investment let to the undoubted covenant of Ladbrokes on a recently renewed lease.
Arranged as a ground floor retail unit with offices to the first floor, the property is fully let to Ladbrokes, a long standing occupier of 20+ years, on a recently renewed five year lease and paying £13,250 per annum.
The property occupies a large site and includes substantial upper parts. We therefore consider the property may be suitable for redevelopment or conversion to alternative uses, including residential (subject to the existing lease and any requisite consents)
The property occupies a prominent pitch with a frontage to Elephant Lane and forms part of the principal local retail amenity for the surrounding residential area.
28 Elephant Lane, Thatto Heath, St Helens WA9 5QW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Thatto Heath Station0.1 miles
- Eccleston Park Station1.0 miles
- Rainhill Station1.3 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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