Freehold School Investment
Freehold School Investment
The property is situated in a predominantly residential area in Wavertree, a suburb of Liverpool located less than 3 miles east of the City Centre.
Freehold.
The property is situated in a predominantly residential area in Wavertree, a suburb of Liverpool located less than 3 miles east of the City Centre.
Freehold.
The property, a single storey school, comprises individual classrooms, a school hall, kitchen and an IT room. The property also benefits from an outside play area.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property, a single storey school, comprises individual classrooms, a school hall, kitchen and an IT room. The property also benefits from an outside play area.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Primary School | 1,288 sq m |
(13,865 sq ft) |
LIVERPOOL CITY COUNCIL (1) | 75 years from 12/07/1976 until 11/07/2051 on a full repairing and insuring lease (3) | £34,000 | 12/07/2018 and 7 yearly |
| Totals | 1,288 sq m (2) |
(13,865 sq ft) (2) |
£34,000 | ||||
(1) Millstead School, which currently has 73 pupils, is a primary school for children with Special Educational Needs (Source: http://www.schoolswire.co.uk/public/mill678.html.nocache 17/04/2014)
(2)The floor areas stated are gross internal areas and were agreed at the 2011 rent review.
(3)The lease provides an option to determine (please refer to legal documentation).
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