Property Details: • Type: 8,810 sq ft • Tenure: N/A • Floor Area: N/A
Key Features: • COMMERCIAL INVESTMENT • LET TO HOSPICE OF THE GOOD SHEPHERD PROMOTIONS LTD • PRODUCING £17,500 PA - 9% YIELD • LEASEHOLD • CLOSE TO THE PORT ARCADE SHOPPING CENTRE • ACCESS TO REAR FOR DELIVERIES • AIR CONDITIONING & CENTRAL HEATING • 7 MILES TO CHESTER & 13 MILES SOUTH OF LIVERPOOL
Location: • Nearest Station: Ellesmere Port Station • Distance to Station: 0.3 miles
Agent Information: • Address: 90-92 Wallasey Road, Wallasey, CH44
Full Description: A great opportunity to purchase this High Yielding Leasehold Charity Shop Investment, producing £17,500 pa. Let to hospice of The Good Shepherd Promotions Limited, as the main collection, sorting and distribution centre, at a rental income of £17,500 pa providing a healthy yield of 9% The property comprises a large shop arranged on the ground and first floors, and has air conditioning, central heating, double glazing, and goods lift together with access to the rear for deliveries.The property enjoys a prominent position on the eastern side of the pedestrianised Rivington Road. The property is opposite the Port Arcades Shopping Precinct in the heart of Ellesmere Port, with nearby retailers including Boots the Chemist, Holland & Barrett, Savers, Specsavers, Costa Coffee to name a few. COMPRISING: GROUND FLOOR: Main Retail Space 2,600 sq ft, Sorting Room 1020 sq ft, Hall with stores and W.C's, and Delivery area with goods lift.FIRST FLOOR: Landing, 3 Offices, Staff Room and Kitchen, Main Sorting Room with goods lift, Workshop, Stores and W.C.SECOND FLOOR: Access to lift machinery with door to the roof. TENURE: Leasehold: Held from Cheshire West and Chester Borough Council for a term of 99 years from 25/03/1968 at a fixed ground rent of £1,850 per annum. TENANCIES: Let to Hospice of the Good Shepherd Promotions Ltd for a term of 10 years from 26/7/16 on FRI terms, subject to a break clause. TENANCIES: Let to Hospice of the Good Shepherd Promotions Ltd for a term of 10 years from 26/7/16 on FRI terms, subject to a break clause.
