Coral, 35 Albert Road, Widnes
Size
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Tenure
Freehold
EPC
Parking
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- Primary use
- Other
No floor / site plan
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Fully Let to Coral Racing Limited
- 16 Year Lease Expiring 27.02.2027
- Tenant has Expressed Willingness to Renew
- Asset Management Potential
- VAT-Free Investment
- Investment Let at £46,137 p.a. (15.38% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with associated upper parts, the property is fully let to Coral Racing Limited on a 16 year lease expiring 27.02.2027 and paying £46,137 per annum.
We consider the property offers asset management potential via renewal of the lease which is near expiry. We understand the tenant has expressed willingness to discuss terms regarding a lease renewal.
Furthermore, we consider there may be potential to obtain vacant possession of the upper parts in any renewal, and therefore the upper parts may benefit from potential to convert to alternative uses (subject to obtaining the requisite consents).
The property occupies a prominent corner pitch fronting the pedestrianised Albert Road, the principal retail amenity in Widnes. The property lies at the entrance to Albert Square Shopping Centre and Green Oaks Shopping Centre is opposite. Nearby tenants include Betfred, Bonmarche, Clarks, Greggs and Holland & Barrett.
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
Coral, 35 Albert Road, Widnes
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Disclaimer - Property reference 02906386-F73B-4C7C-B387-83C19DF63E57. 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 Savills National , Savills Auctions- Commercial. 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.