This Property is currently unavailable

For more properties within this area click here

Retail Units & Shops

Merseyside

Formby

property

Let

17/17a Chapel Lane Chapel Lane, Formby, L37 4DL

Use Class

Size

1,306 sq ft

Rent pa

£40,300

Price

£695,000

Market Sector

High Street Scheme

Key Features

100% of prime retail and residential investment in affluent Formby
Retail unit let to Barnardo's until December 2026 at £32,500 pa
Large 2-bedroom flat let on an AST at £7,800 pa
Total income: £40,300 pa
Price: £695,000 (subject to contract and exclusive of VAT)
Net initial yield of 5.5% after allowing for purchasers costs at 5.29%

Description

PRIME RETAIL & RESIDENTIAL INVESTMENT

The premises comprise a two storey mid terraced brick built building under a pitched slate roof. The property is arranged to provide a ground floor retail unit and a self-contained, generously proportioned two double bedroom flat at first floor.

The flat was substantially refurbished in 2012 at a cost of approximately £50,000.

Location

Formby is an affluent commuter town located approximately 13 miles north of Liverpool & 8 miles south of Southport with excellent transport connections.

Formby sits on the coast and provides a very attractive environment for residents and visitors alike with attractions including Formby Beach and the renowned Formby Golf Club.

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.