Commercial property for sale in The Pyramids, Grange Road, Birkenhead CH41
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Property features
- To be offered on Tuesday 24 September
- High Yielding Mixed-Use Investment
- 2 x Retail Units and 5 x Flats
- Fully Let
- Producing a Total £36,900 per annum
- Long Average Lease Expiry of Approx. Four Years
- Guide Price Reflects 18.45% Gross Yield
Property description
Strapline
Auction Sale - 24/09/2024
High Yielding Mixed-Use Investment Opportunity
Freehold Block Including 2 x Retail Units and 5 x One Bedroom Flats Producing a Total £36,900 per annum
Description
The property comprises a high yielding, mixed-use, retail/residential investment opportunity forming part of a popular local retail parade.
Arranged across ground and first floors, the property is arranged as three ground floor retail units (one of which is sold off on a long leasehold basis) and 5 x one bedroom residential units to the upper parts.
The property is fully let on a mix of commercial leases and residential ASTs (please see the below tenancy schedule) producing a total £36,900 per annum.
Grange Road is an established mixed-use street in the heart of Birkenhead. The surrounding area is a mix of retail and residential uses and the property benefits from easy access to the amenities of Birkenhead town centre.
Tenancy
Please see the Tenancy Schedule for more information
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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.