Retail premises for sale in Clipsley Lane, St Helens WA11

Fixed price £350,000 (£87.04/sq. ft)
Interested in this property? Call +44 20 3641 9157 * or Request Details

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Retail premises for sale

4,021 sq. ft*

Property features

  • 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.

Property description

Investment Consideration:
Gross Initial Yield: 7.91%
Current Rental Income: £27,700 p.a.
VAT is not applicable to this property
Comprises large ground floor Convenience store and Post Office t/a Go Local Extra
Includes warehouse unit at the rear t/a Vehicle Repair Workshop
Within close proximity to public transport links and is just a 10 minute drive 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.
Ground Floor Shop: 257.60 sq m (2,773 sq ft)
Rear Industrial Unit: 116.00 sq m (1,248 sq ft)
Total area size: 373.60 sq m (4,021 sq ft)

Tenancy:
The shop is at present let to an Individual t/a GoLocalExtra for a term of 15 years from 29th October 2013 at a current rent of £22,000 per annum. The lease contains effectively full repairing and insuring covenants. The warehouse unit is at present let to Auto Rodge Ltd for a term of 10 year from 4th July 2023 at a current rent of £5,700 per annum. The lease contains effectively full repairing and insuring covenants. 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.

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
Blue Alpine Partners, W1G on +44 20 3641 9157 * (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 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.

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