Office for sale in Victoria House, Victoria Square, Widnes, Cheshire WA8

£600,000 (£59.56/sq. ft)
Office for sale 10,074 sq. ft*
Interested in this property? Call +44 1925 916968 * or Request Details

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Property features

  • *new reduced price*

Property description

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, .

Josh Morgan

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Morgan Williams, WA2 on +44 1925 916968 * (local rate)

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Disclaimer

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.

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