Retail

113 Waddicar Lane, Melling, Liverpool , L31 1DN

The city of Liverpool is one of the major commercial and retailing centres of North-West England with a population in excess of 480,000. The city has excellent road communications being served by the M53, M57 and M62 motorways which in turn link to the M6, 4 miles from Liverpool city centre.

The unit is located in Melling a village located 7 miles north east of Liverpool town centre.

The property is a two storey end of terrace building under a pitched tiled roof. The property is arranged as ground floor shop with ancillary accommodation and a one bedroom flat at first floor. McColls will make a minor alteration at the rear of the unit to allow separate access to the residential flat. The unit has recently been refurbished and refitted to McColls standard format.

The property is let to Martin McColl Limited for a term of 20 years from 14th November 2011 on FRI terms and subject to 5 yearly upward only rent reviews with fixed uplifts at 2% per annum compounded throughout. The commencing rental is £23,000 per annum.

We are instructed to seek offers in the region of £313,500 (subject to contract) for the freehold interest, which reflects a net initial yield of 7% assuming purchasers costs at 4.8%.

£313,500

Available