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Property details
Map & nearby

Commercial property for sale in Mount Road, Birkenhead

Investment

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Commercial property for sale

Property features

Retail Unit & 2 Bedroom Apartment
Combined Income £16,200 pa
Retail Unit - 10 Year Lease from 2023
Apartment - 6 Month asst
Retail Unit - £10,800 pa
Apartment - £5,400 pa

Property description

Investment property. Wirral. Retail unit and two bedroom duplex apartment. Combined income of £16,200 pa. Gross yield approx 9%. Commercial - 10 year lease from 2023. Freehold £180,000. FR2695.

Location

The property is situated on Mount Road, Tranmere, Wirral, between Borough Road and The Wiend. Tranmere is a densely populated area, close to local amenities and transport links.

Description

The subject premises comprises of a ground floor retail unit, trading as a barbers shop, with a two bedroom apartment above. The property is set within a mixed use parade of similar units with commercial elements below and residential accommodation above.

Retail Unit - 119 Mount Road

The ground floor retail unit extends to approximately 51.7m2 (556ft2) and briefly comprises of open salon and sales areas with kitchen to the rear.

Residential Accommodation - 119A Mount Road

The residential accommodation comprises a fitted kitchen, dining room, utility room, bathroom, lounge and two double bedrooms.

Tenancy Information

119 Mount Road – 10 Year Internally Repairing and Insuring (iri) lease from October 2019 at £8,500 per annum, with no breaks and three year upward only rent reviews subject to minimum rpi increase. (October 2022 review outstanding at rpi this would increase rent to £8,925 per annum).

119a Mount Road – 6-month asst at £450.00 pcm, generating an annual income of £5,400.

Tenure & Asking Price

Freehold. Offers are sought in excess of £180,000 for the property.

Viewings

For further information or to arrange a viewing of the premises please contact: Phil Jacob mrics

Property info

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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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 Frobishers Property Limited, and do not constitute property particulars. Please contact Frobishers Property Limited 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.