£1,500,000
Retail premises for saleEccleston Street, Prescott L34
Freehold
About this property
Mixed Use Investment Opportunity
High quality unit on ground floor
8 contemporary 2 bed apartments above
Turnkey operation
Attractive 8% yield
Prominent town centre location
Former HSBC bank
High Specifiction throughout
Detailed Description
An excellent opportunity to acquire a fully redeveloped mixed-use investment in the heart of Prescot town centre.
This striking former HSBC bank has beeen thoughtfully converted to provide a high quality commercial unit on the ground floor, with 8 contemporary residential apartments above.
The ground floor commercial premises is secured on a new 10 year lease, generating an annual rental income of £35,000 pa, with the tenant set to open imminently.
The upper floors comprise 8 x well appointed 2 bedroom apartments, all finished to a high modern standard, appealing strongly to the local rental market.
Each apartment is currently achieving a rental figure in the region of £850-£900 pcm, offering strong and consistent residential income.
The asset delivers a combined income stream with an attractive gross yield of approximately 8% making it an ideal addition to any investor's portfolio.
Key features:
Prominent town centre location.
Fully refurbished former bank building.
Ground floor commercial unit let on a 10 year lease (£35,000 pa)
. 8 x modern 2 bedroom residential apartments.
Residential rents ranging from £850-£900 pcm.
High specification finish throughout.
Strong diversified income stream.
Approximate 8% gross yield.
This is a rare opportunity to secure a turnkey, income-producing asset in an improving and well connected Merseyside location.
An excellent opportunity to acquire a fully redeveloped mixed-use investment in the heart of Prescot town centre.
This striking former HSBC bank has beeen thoughtfully converted to provide a high quality commercial unit on the ground floor, with 8 contemporary residential apartments above.
The ground floor commercial premises is secured on a new 10 year lease, generating an annual rental income of £35,000 pa, with the tenant set to open imminently.
The upper floors comprise 8 x well appointed 2 bedroom apartments, all finished to a high modern standard, appealing strongly to the local rental market.
Each apartment is currently achieving a rental figure in the region of £850-£900 pcm, offering strong and consistent residential income.
The asset delivers a combined income stream with an attractive gross yield of approximately 8% making it an ideal addition to any investor's portfolio.
Key features:
Prominent town centre location.
Fully refurbished former bank building.
Ground floor commercial unit let on a 10 year lease (£35,000 pa)
. 8 x modern 2 bedroom residential apartments.
Residential rents ranging from £850-£900 pcm.
High specification finish throughout.
Strong diversified income stream.
Approximate 8% gross yield.
This is a rare opportunity to secure a turnkey, income-producing asset in an improving and well connected Merseyside location.
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