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Description The premises comprises part of the ground floor of a larger building known as Victoria House (formerly Centre Point).
This investment comprises 3 separately accessed units including a restaurant, a supermarket and Halton Citizens Advice Bureau and these 3 units generate £54,250 per annum.
The first floor offices are available For Sale and have a separate listing on .
Location Victoria House is located in the heart of Widnes town centre overlooking Victoria Square and within easy access of all town centre amenities.
Centre Point is readily accessable off the A551 and is located at the heart of the town centre off Lugsdale Road overlooking Victoria Square within easy access of the following :
M62 junction 7.3 miles M56 junction 12.6 miles Warrington 6.5 miles Liverpool 14 miles Chester 19 miles Manchester 26 miles
Accommodation Net Internal Area Total: 936.3 m 10,074
Services Mains electricity, gas, water and drainage are connected.
Rates Each units has its own Rateable Value and the Tenants are responsible to pay the Business Rates.
Asking Price £600,000.
Based on the annual income of £54,250 the asking price equates to a Net Initial Yield of 8.6% taking into account purchasers costs at 5.1%.
Tenancy The full tenancy schedule is available upon request.
Unit 1 & 2: Elena Hospitality Ltd: £25,000 per annum on a 9 year lease commencing 01/06/2019. Unit 2A: Elinex Ltd: £10,000 per annum on a 9 year lease commencing 01/06/2019. Unit 3: Halton Citizens Advice Bureaux: £19,250 per annum on a 12 year lease from 12/05/2018.
Tenure The property is available by way of a Long Leasehold interest.
Legal Costs Each party are to be responsible for their own legal cost incurred in this transaction.
For further information or to arrange a viewing please contact Morgan Williams, .
For more information about this property, please contact Morgan Williams, WA2 on +44 1925 916968 * (local rate)
Contact Morgan Williams about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Morgan Williams, and do not constitute property particulars. Please contact Morgan Williams 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.