Commercial property for sale in Rockvilla Hotel, 329 Old Chester Road, Birkenhead, Merseyside CH42

A redevelopment opportunity comprising of a ground floor public House currently let by way of a 5 year lease from 2022 producing a rental income of £18,000 per annum. To the upper floors the property benefits from full planning permission to convert and extend to the rear and alterations to convert the loft to provide 6 x 1 bedroomed self contained apartments.

The ground floor is currently let by way of a 5 year lease from 2022 at a rental income of £1,500 pcm (£18,000 per annum). We are advised that the ground floor has recently been renovated to a high standard by the tenant.

Once the works have been completed, the potential rental income from 6 x 1 bedroomed self contained apartments would be approximately £39,600 per annum or alternatively they could be sold off separately. The total rental income once fully let would be approximately £58,000 per annum.

Plans are available for inspection

Planning ref: App/22/00434

Situated
Fronting Old Chester Road close to its junction with Bedford Road in a popular location close to local amenities, schooling, Victoria Park and approximately 1.5 miles from Birkenhead Town Centre and Queensway Tunnel linking to Liverpool City Centre.

Cellar
Not inspected.

Ground Floor
Public House

First Floor
Various Rooms.

Outside
Yard to the Rear.

EPC Rating
C.

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guide prices & reserve prices

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Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.