LOCATION:
Unit 3 is located to the left as your enter Tapton Way from Wavertree Avenue. Wavertree Business Village forms part of the established Wavertree Technology Park, a popular business location approximately 3 miles east of Liverpool city centre and near the M62.
The area provides a diverse mix of office, business and industrial accommodation, with a range of established occupiers. It benefits from local amenities including Wavertree Retail Park. There is excellent connectivity via Edge Lane and the M62, with Wavertree Technology Park railway station providing regular services to Liverpool city centre and beyond.
A wide range of of retail, leisure and food amenities are also close by, including Liverpool Shopping Park, providing convenient facilities for occupiers and staff.
DESCRIPTION:
Wavertree Business Village:
Wavertree Business Village forms part of the established Wavertree Technology Park, a popular business location approximately 4 miles east of Liverpool city centre.
The area provides a diverse mix of office, business and and industrial accommodation, with a range of established occupiers. It benefits from excellent connectivity via Edge Lane and the M62, with Wavertree Technology Park railway station providing regular services to Liverpool city centre and beyond.
A wide range of retail, leisure and food amenities are also close by, including Liverpool Shopping Parade, providing convenient facilities for occupiers and staff.
Lease:
The property is let to Premier Cleaning & Transport Services (UK) Ltd for 5 years from 1 September 2022 for a rent of £16,950 per annum plus VAT.   The tenant also contributes towards a percentage of estate charge and running costs associated with the building. Further information available on request.
Tenant Information:
Premier Cleaning & Transport Services (UK) Ltd is an established Liverpool based trading business, providing cleaning and associated transport services to commercial and public sector clients. Incorporated in 2011, the company has an established operating history and a presence within the local market.
Opportunity For Owner Occupier
Subject to negotiations there is potential to secure a purchase with vacant possession as such making it suitable for an owner occupier seeking a relocation opportunity.
Estimated Rental Value (ERV)
The passing rent is equivalent to £12.73 per sq. ft pa. The estimated rental value is £15.50 per sq. ft pa. This equates to a total estimated rental value of the entire building of say £20,650 pa demonstrating excellent income growth potential.
Please rely on your own enquiries.
ACCOMMODATION:
Ground Floor - 60.62 sq. m (653 sq. ft)
First Floor - 63.01 sq. m (679 sq. ft)
TOTAL: 123.70 sq. m (1,332 sq. ft)
TERMS:
Offers in the region of £200,000 are invited for the long leasehold title held for a term of 125 years dated 7 November 2003 less 3 days.
The asking price reflects a net initial yield of 7.93%, assuming purchaser’s costs of 6.8%, rising to 9.67% on the estimated reversionary rental.
RATEABLE VALUE:
£13,750. This is not the amount payable. Business rates are broadly calculated by multiplying the Rateable Value 9RV) by the applicable UBR, which for 2026/27 is 43.2p for properties with an RV below £51,000, subject to applicable reliefs and adjustments. A further small business rate discount is applicable for premises with rateable values less than £15,000. Please rely on your own enquiries.
VAT:
All prices, outgoings and rentals quoted are exclusive of VAT, but may be liable at prevailing rate. Further information on request.
LEGAL COSTS:
Unless otherwise stated all parties to bear their own legal costs. Freeholder costs to be shared equally.
EPC:
The EPC rating for the commercial is C52. Further information is available on request.
