Available
Hoylake – Subway & Residential Ground Rent
58 Market Street, Hoylake, Wirral, Merseyside CH47 3BBFreehold Restaurant and Residential Ground Rent Investment
Price
OIEO £295,000
Rent P.A.
£17,510
Yield
5.94%
Tenure
Freehold
Lease Term
10 Years
Years Left on Lease
4m
Area
2,270 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises a ground floor restaurant/takeaway and 2-Bed Maisonette above, which has been sold on long leasehold
- Let to Subway Realty Ltd, no breaks
- Garage located at rear
- Located opposite Sainsbury`s
- Nearby occupiers include Co-Op Pharmacy, Betfred, Post Office, Age UK and Co-Op Funeral Care, amongst others.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property comprises ground floor restaurant/takeaway together with a 2-Bedroom maisonette on the first and second floor, which has been sold on long leasehold. There is a garage located to the rear.
The property provides the following accommodation and dimensions:
Ground Floor: Takeaway 119 sq m (1,280 sq ft)
Retail Area, Office, WC, Rear Garage
First/Second Floor: Maisonette 92 sq m (990 sq ft)
2 Bedrooms, Kitchen, Living Room, Bathroom/WC
The property provides the following accommodation and dimensions:
Ground Floor: Takeaway 119 sq m (1,280 sq ft)
Retail Area, Office, WC, Rear Garage
First/Second Floor: Maisonette 92 sq m (990 sq ft)
2 Bedrooms, Kitchen, Living Room, Bathroom/WC
Tenancy Description
The ground floor shop is at present let to Subway Realty Ltd for a term of 10 years from 27th April 2015 at a current rent of £17,500 per annum and the lease contains full repairing and insuring covenants. The first/second floor maisonette has been sold on long leasehold for a term of 999 Years from 1st January 2015 at a ground rent of £10 per annum.
Tenancies & Accommodation
Location Description
Hoylake is an affluent seaside town situated in the Metropolitan Borough of Wirral on the north-west corner of the Wirral Peninsula, where the River Dee estuary meets the Irish Sea. Road access is via the A553 which leads to junction 2 of the M53 Motorway. Liverpool lies 12 miles to the east and Chester 27 miles to the south. The property is situated on the eastern side of Market Street, close to its junction with Alderley Road on the towns principal retail thoroughfare. Occupiers close by include a Sainsburys Local (opposite), Co-op Pharmacy, Post Office, Betfred, Age UK and a Co-op Funeral Care.
