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Freehold

£300,000

Retail premises for sale

Eccleston Street, Prescot L34

£300,000

Retail premises for sale
Eccleston Street, Prescot L34

    Freehold

    About this property

    • Investment opportunity

    • Mixed use property over 3 floors.

    • Shop and 2 Flats

    • Income £2,430 pcm - £29,160 pa

    • Attractive yield just of 9%

    • Large area of land to rear included

    • Great location in heart of town

    • One to view.

    Detailed Description

    Fabulous opportunity to purchase this mixed use property arranged over 3 floors, providing an attractive yield of just over 9%.

    Ground floor shop is 64 sqm and rented to a vape business, who have been trading there for around 15 years. The tenant has just signed a new 5 year lease for £980 pcm.

    First floor 2 bedroom flat is 69 sqm and rented for £750 pcm.

    Second floor 2 bedroom flat is 63sqm and rented for £700 pcm.

    An added bonus of a large area of land at the rear, which is included in the sale, and has development potential.

    Total rent is £2,430 pcm and £29,160 pa.

    The property affronts Eccleston Street, which is a pedestrianised road in the heart of the town, with lots of independent bars and restaurants. There is plenty of investment in the area over the past 5 years including the Shakespeare North Theatre. There is also an independent arthouse cinema which is due to open this year.

    Definitely one to view!

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