Industrial for sale in 33A, 33B & 33C Widnes Road, Widnes, Cheshire WA8

£275,000 (£56.77/sq. ft)
Industrial for sale 4,844 sq. ft*
Interested in this property? Call +44 1925 916968 * or Request Details

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Property features

  • Town Centre Location
  • Large Detached Building
  • Car Park to Rear
  • Income Producing
  • Freehold.

Property description

Best & finals by 12 noon on Friday 4 June 2021

*investment opportunity*

We are pleased to offer for sale a substantial detached investment property that is let for a 5 year term from 1st January 2021 at a current rent of £25,400 per annum on a tenants full repairing and insuring basis.

The property comprises a large retail showroom to the majority of the ground floor, together with an agency office to the remaining ground floor and office suites with wc and kitchen facilities to the first floor.

The property is situated within the heart of the Town Centre and enjoys vehicular access. It is close to an Asda Foodstore and opposite a Domino's Pizza take-away.

The whole property is let on a single Lease and we understand the Tenant sub-lets individual sections to the various occupiers.

The approximate layout is illustrated as per the attached plan.

There is a large car park included to the rear.

Location
The property is situated on Widnes Road within Widnes Town Centre, equidistant between the Asda Food Store and the main pedestrianised retail area of Albert Road. Surrounding property is predominantly retail.

Accommodation
Approx. Gross Internal Area

Ground: 225 m 2,422 ft
First: 225 m 2,422 ft
Total: 450 m 4,844 ft

Services
Mains electricity, water and drainage are connected.

Tenancy Information
The entire property is let for a term of 5 years from 1st January 2021 at a current rent of £25,400 per annum exclusive on a Tenants full repairing and insuring basis with a Landlord break clause at any time after 1st January 2024 and a tenant break clause on 1st January 2024 subject to 3 months prior notice. The Lease is excluded from the provisions of the Landlord & Tenant Act 1954.

Asking Price
£275,000.

Yield
The above asking price represents a net initial yield of 9% after taking into account purchase costs of 3%.

Tenure
Freehold.


VAT


We are advised that the property is currently not registered for VAT.

Contact: Rob Bates

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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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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