Mersey Move Commercial are pleased to offer for sale the freehold interest in 259 Rice Lane, Liverpool, comprising a substantial ground-floor commercial premises extending to approximately 829 sq ft (77 sq m) GIA, together with the freehold interest of the building.
Offered at £100,000 with vacant possession of the commercial premises, this is an interesting opportunity for both owner-occupiers looking to acquire their own premises and investors seeking a relatively affordable commercial property with scope to refurbish, improve and subsequently let.
The property benefits from a wide and highly visible frontage directly onto Rice Lane, with double entrance doors opening into a substantial main retail/trading area. Currently operating as a printing business, the accommodation provides a largely open-plan front section which could be adapted to suit a variety of commercial uses, subject to any necessary consents.
To the rear are two additional rooms, providing useful office, storage, workshop or ancillary accommodation, together with a separate kitchen and WC.
The property would benefit from refurbishment and modernisation, particularly within the rear accommodation, and this has been reflected within the asking price. For a purchaser prepared to undertake the necessary works, however, the property provides a good-sized and flexible commercial footprint at an accessible capital value.
Mersey Move Commercial considers that, once refurbished and presented to an appropriate lettable standard, the commercial premises could be capable of achieving a rental value in the region of £10,000 per annum, subject to specification, lease terms and prevailing market conditions. Based upon the £100,000 asking price, this represents a potential gross yield of approximately 10% before purchaser's costs, refurbishment expenditure and other outgoings.
Alternatively, the vacant-possession nature of the sale provides an opportunity for an owner-occupier to acquire approximately 829 sq ft of commercial accommodation without the restrictions of an existing occupational tenancy.
Please note: the residential flat above the commercial premises is held separately on a long leasehold interest and is not being sold with vacant possession. The sale comprises the freehold interest, subject to the existing long leasehold interest affecting the residential accommodation. Further information can be made available to genuinely interested parties.
The property is prominently positioned on Rice Lane (A59), a well-established commercial and residential thoroughfare in north Liverpool, with surrounding occupiers and a substantial local residential catchment. Rice Lane and Walton railway stations are both within the wider locality, while the A59 provides straightforward connections towards Liverpool city centre and the wider road network.
Viewing is highly recommended to appreciate the size, frontage and potential of the accommodation.
