Property Details: • Type: 11,801 sq ft • Tenure: N/A • Floor Area: N/A
Key Features: • FREEHOLD FOR SALE • PUBLIC HOUSE + 9 SELF CONTAINED 1 BED FLATS WITH EN SUITES • RECENTLY RENOVATED • PRIME LOCATION • CURRENT INCOME £73,840 PA • GAS CENTRAL HEATING • FABULOUS INVESTMENT OPPORTUNITY • 10 MINUTE DRIVE FROM LIVERPOO CITY CENTRE • PLUS VAT
Location: • Nearest Station: Wallasey Village Station • Distance to Station: 1.0 miles
Agent Information: • Address: 90-92 Wallasey Road, Wallasey, CH44
Full Description: We are delighted to offer for sale a Freehold Public House with 9 Self Contained One Bedroom Flats above, which have recently been renovated, in a prime location. The Dukes Bar & Grill is a well established property in a prominent position in one of the busiest roads within the town, on the corner of Wallasey Road and Seaview Road with extremely high footfall and passing trade. Highly convenient for commuters with easy access to the M53 motorway for Chester, North Wales and Manchester. Liverpool City Centre is a 10 minute drive away. TENANCY:The commercial element is currently trading as a Bar & Grilll, and is rented for £25,000 per annum (no vat) on a 5 year lease commencing 2nd September 2022. The residential flats are of a very good standard all with en suites, and are currently let @ £475pcm (circa) on Assured Shorthold Leases. Current income is £73,840 pa. (The flats are currently under rented, with a potential to increase to £550 pcm). Potential income - circa £84,000 with rent increases with the commercial also to be reviewed TBCDESCRIPTION:Dukes is a 3 storey corner property comprising a public house to the ground floor with extensive lounge areas, large bar, kitchen and male/female toilets and basement. To the first and second floors, there are 9 residential one bedroom self contained flats with en suites. Benefitting from gas central heating. FLOOR AREAS:Basement: 3,660 sq ftGround Floor: 5,791 sq ftFirst Floor: 2,896 sq ftSecond Floor: 2,454 sq ftTotal 11,801 sq ftViewing comes highly recommended of this Freehold property with massive kerb appeal. No direct approach to the business, all communication via the Property Centre.VAT payable on sale.
