* Calls to this number will be recorded for quality, compliance and training purposes.
Virtual Freehold Convenience Store and Warehouse Investment
Comprises ground floor only convenience store incorporating Post Office
Separate industrial warehouse and loading yard, which is located to the rear
VAT is not applicable to this property
Within close proximity to public transport links
10 minute drive away from St Helens town centre.
Investment Consideration: Gross Initial Yield: 7.77% Current Rental Income: £27,200 p.a. VAT is not applicable to this property Convenience store let and t/a Premier with guarantee from One Stop Stores Ltd until 2028 The warehouse unit is let to afn Groundworks Ltd for term of 3 years with break clause in month 18. The property is within close proximity to public transport links and is just a 10 minute drive away from St Helens town centre.
Property Description: The property is arranged on ground floor only to provide a convenience store incorporating a Post Office with ancillary accommodation together with a separate industrial warehouse and loading yard, which is located to the rear and separately let. The end terrace industrial unit with B2 use comprises of a roller shutter door accessed via Clipsley Lane, storage area and user facilities including a WC and kitchen. There is also strip lighting throughout with central heating.
The property provides the following accommodation and dimensions: Ground Floor Shop: 257.60 sq m (2,773 sq ft) Shop Frontage: 71 ft on Clipsley Lane Industrial Unit: 116 sq m (1,248 sq ft)
Tenancy: The shop is at present let to S Rama and S Naveed (on assignment) t/a Premier with a guarantee from One Stop Stores Limited for a term of 15 years from 29th October 2013 at a current rent of £22,000 per annum. The lease provides for rent review on 29.10.23 and tenant has option to break on 29.10.23. The lease contains effectively full repairing and insuring covenants. The warehouse unit is at present let to afn Groundworks Ltd for a term of 3 year from 3rd July 2020 at a current rent of £5,200 per annum. The lease contains effectively full repairing and insuring covenants. The tenant has option to break at 18 months from the start date and a deposit is held of £600.
Tenure: Virtual Freehold. Held for a term of 999 years from 1st April 1913 (thus having approximately 892 years unexpired) at a fixed ground rent of £10 per annum.
Location: The property is within close proximity to public transport links and is just a 10 minute drive away from St Helens town centre. Haydock is located within the metropolitan borough of St Helens and is located roughly midway between Liverpool and Manchester and lies adjacent to Junction 23 of the M6 Motorway and the East Lancashire Road (A580). The property is situated on the south side of Clipsley Lane (A599), close to its junction with Gardner Avenue.
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
Contact Blue Alpine Partners about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.