McColl's Convenience Store - Parr

St Helens, WA9 2NQ

Available

Property Type Investment
Availability For Sale
Size 3348 sqft
Energy Performance Rating This property has been graded as D 84

McColl's Convenience Store


LOCATION

St Helens is a major industrial and commercial centre with a population of some 106,000 and comprises part of the extensive Merseyside conurbation. Liverpool lies within 12 miles to the west and Manchester 30 miles to the east. There are excellent road transport communications being between the M6 and M62 motorways, both of which are within approximately 5 miles. The property is situated in Parr, a residential suburb 2.5 miles west of St Helens city centre. The store is situated in a densely populated residential area and surrounded by abundant of housing.

KEY POINTS

  • Convenience store located in a densely populated residential area
  • Dominant stand alone unit
  • Let for 16.5 years with no breaks to the excellent covenant Martin McColl Limited
  • Total current rents reserved £30,904 per annum rising to £37,672 per annum in November 2029
  • Fixed uplifts at 2% pa throughout
  • Net initial yield of 6.25% with a reversionary yield in April 2024 to 6.9%
  • Offers in excess of £473,000
The property is a detached brick built building under a pitched tiled roof. The retail shop is arranged over the ground floor with ancillary accommodation to the rear. The first floor is used as the managers office and for additional storage. There is ample unrestricted car parking available on the street in front of the unit.
< Back to properties VIEW SHORTLIST Download McColls Parr Fleet Lane_V2.pdf Download Lease.pdf Download Official Copy (Title Plan) - MS320838.PDF Download EPC.pdf

Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Nick Sherling

020 7478 9113

CONTACT AGENT


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