£475,000
(£316.67/sq. ft)
Retail premises for saleOtterburn Street, Runcorn WA7
1,500 sq. ft
About this property
Units 4&5, otterburn street, sandymoor, runcorn, WA7 1YN
prime location in sandymoor, runcorn
Investment opportunity
prominent frontage
popular commercial location
currently used for use class E
location
Otterburnstreet, sandymoor development forms part of A large urban extension to the east of runcorn being delivered by A consortium of house builders including morris homes, dw homes, and barratts totalling approximately 6,500 units in the surrounding areas the location also benefits from A proximity to nearby employment areas of manor park and daresbury.
Tenancy details
Otterburns ltd –10 year leaseto be signed may/June 2025 at A commencing rental of £32,850 for the 1st year of the term.
Year 2 –rental of £32,850
year 3 –rent review and break clause for tenant only. Rental of £34,000 if tenancy continues
year 5 -rent review and break clause for tenant only. Rental of £35,000 if tenancy continues
year 7 -rent review and break clause for tenant only. If tenancy continues, chartered surveyor to suggest A lease cost, not to exceed market value
Landlord to be responsible for paying the service charge and buildings insurance
tenure
Long leasehold for 999 years from 5th January 2024 at A peppercorn ground rent
Legal costs
each party is responsible for paying their own legal costs
price
£475,000 exclusive of VAT
prime location in sandymoor, runcorn
Investment opportunity
prominent frontage
popular commercial location
currently used for use class E
location
Otterburnstreet, sandymoor development forms part of A large urban extension to the east of runcorn being delivered by A consortium of house builders including morris homes, dw homes, and barratts totalling approximately 6,500 units in the surrounding areas the location also benefits from A proximity to nearby employment areas of manor park and daresbury.
Tenancy details
Otterburns ltd –10 year leaseto be signed may/June 2025 at A commencing rental of £32,850 for the 1st year of the term.
Year 2 –rental of £32,850
year 3 –rent review and break clause for tenant only. Rental of £34,000 if tenancy continues
year 5 -rent review and break clause for tenant only. Rental of £35,000 if tenancy continues
year 7 -rent review and break clause for tenant only. If tenancy continues, chartered surveyor to suggest A lease cost, not to exceed market value
Landlord to be responsible for paying the service charge and buildings insurance
tenure
Long leasehold for 999 years from 5th January 2024 at A peppercorn ground rent
Legal costs
each party is responsible for paying their own legal costs
price
£475,000 exclusive of VAT
Mortgage calculator
Monthly repayment
£2,376 per month
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