Freehold Retail Investment
Freehold Retail Investment
The city of Liverpool is one of the major commercial and retail centres for the north-west. The property is prominently situated in Melling a residential suburb of the city, close to Aintree Racecourse and approximately 7 miles north of the city centre.
Freehold.
The city of Liverpool is one of the major commercial and retail centres for the north-west. The property is prominently situated in Melling a residential suburb of the city, close to Aintree Racecourse and approximately 7 miles north of the city centre.
Freehold.
The property, a two storey, end of terrace unit, comprises a ground floor retail unit with a one bedroom flat above. The flat has selfcontained access at the rear.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property, a two storey, end of terrace unit, comprises a ground floor retail unit with a one bedroom flat above. The flat has selfcontained access at the rear.
VAT is not 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 Ground First |
Retail Ancillary Residential 1 bedroom flat |
86.77 sq m 35.58 sq m |
(934 sq ft) (383 sq ft) |
ENTIRELY LET TO MARTIN MCCOLL LIMITED (1) |
20 years from 14/11/2011 on a Fully Repairing and Insuring Lease (2) |
£23,000 |
20/02/2016 and 5-yearly thereafter (fixed rental uplifts at 2% per annum compounded) |
| Totals | 122.35 sq m |
(1,317 sq ft) |
£23,000 | ||||
(1)For the year ending 27/11/2011 Martin McColl Limited reported a turnover of £380,485,000 a pre-tax profit of £18,068,000 and a total net worth of £100,676,000. Source www.riskdisk.com (04/09/2012)
(2)The lease provides for 5 yearly upward only rent reviews with fixed uplifts at 2% per annum compounded throughout.
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