| Property Type | Investment |
| Availability | For Sale |
| Size | 1773 sqft |
| Energy Performance Rating | This property has been graded as C 70 |
Freehold Convenience Store and Ground Rent Investment for Sale
LOCATION
Heysham is a large coastal village 5 miles to the west of Lancaster overlooking Morecambe Bay. It is a ferry port with services to the Isle of Man and Ireland. The property is situated between Morecambe and Heysham in a residential area on Oxcliffe Road (B5273), at its junction with Tibicar Drive West. The unit is adjacent to a local Chinese take away restaurant and surrounded by residential housing.
KEY POINTS
- Freehold convenience store and residential ground rent investment
- Let to Martin McColl Ltd with over 11 years unexpired
- In Store Post Office
- Total current rents reserved £26,208 per annum rising to £28,936 per annum on 20th June 2028
- No VAT payable
- Fixed uplifts throughout at 2% per annum payable 5 yearly
- Offers in excess of £375,000
- A purchase at this level would reflect a Net Initial Yield of 6.72%, with a reversionary yield of 7.42%
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VIEW SHORTLIST
Download Marketing Brochure
Download LEASE dated 20 JUNE 2013.pdf
Download Official Copy Register LA847140.pdf
Download Official Copy Title Plan LA847140.pdf
Download EPC Heysham.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
Michael Braier
020 7478 9112
CONTACT AGENT