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Retail Units & Shops

Merseyside

Liverpool

property

Let

564-566 Aigburth Road 564-566 Aigburth Road, Liverpool, L19 3QG

Use Class

Rent pa

POA

Price

£295,000

Market Sector

High Street Scheme

Key Features

Cressington is an affluent leafy suburb of Liverpool, located approximately 4 ½ miles south of the city centre, close to Allerton, Aigburth and Mossley Hill.
The property is situated on Aigburth Road, which is a main arterial route linking the city centre to its more affluent southern suburbs and the airport.
The property forms part of a traditional suburban shopping parade which is extremely well established. There is off-road car parking close by to the front of the parade.
The property comprises a double retail unit let to William Hill and two large flats over ground, first and second floor levels.
Flat 564a currently provides 3 bedrooms and 566a is a 4 bedroom flat.
The flats are both self-contained and accessed via their rear yards.
Ground floor let to William Hill Organization Ltd for a term of 10 years from 17/02/17 (expiring 16/02/27). There is a tenant’s break clause at the end of Year 5 and the current rent is £10,500 per annum.
The flats will be sold with full vacant possession and provide a redevelopment/refurbishment opportunity.
The property is to be sold Freehold.
Offers sought in excess of £295,000 (TWO HUNDRED AND NINETY-FIVE THOUSAND POUNDS) for our client’s freehold interest, subject to contract and exclusive of VAT.

Description

The property was originally constructed as two separate buildings. These have been combined at ground floor level to create a larger retail unit. The ground floor has been fitted-out as a William Hill betting shop and this has been the longstanding use of the property. The tenant renewed the lease for a further 10 years in Feb 2017.

Above the retail accommodation are two separate self-contained flats. Both are accessed from the rear via their yard areas. Flat 564a is arranged over 1st and 2nd floor levels and provides lounge, kitchen, bathroom and three bedrooms. 566a is arranged over part ground, 1st and 2nd floors and provides similar accommodation but with a 4th bedroom. Both flats will be sold with full vacant possession and represent a redevelopment/refurbishment opportunity. They could be refurbished in their current format or be combined to provide a larger HMO.

The property has two walled rear yards accessed via a common alleyway serving the parade.

Location

Liverpool is the principal centre within the UK’s fifth largest metropolitan area (Liverpool/Birkenhead) and the commercial and administrative capital of Merseyside. The metropolitan area has a population of 2.24 million, making it an integral part of the North West region, the largest regional economy in the UK outside of the South East. Liverpool has benefitted from over £5 billion of investment over the last 10 years and is now the fifth most important retail centre and sixth most tourist visited city in the UK.

Liverpool is located 32 miles west of Manchester, 98 miles north-west of Birmingham and 212 miles north-west of London. The city has excellent road connections being served by the M53, M57, M58 and M62 Motorways. The city is also very well served with rail links, with a journey time to London Euston of approximately 2 hours.

Key Information

Viewing

Strictly by appointment.

Accommodation

Areas

Sq.Ft

Sq.M

Ground Floor Retail Area

866

80.5

Financial

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

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.