34, Balls Road, Birkenhead, Merseyside, CH43 5RE
For Sale OIRO £130,000 - Commercial
An excellent opportunity arises to purchase a substantial commercial property that has a Ground Floor Unit and Four Flats above. Positioned in a popular residential area, the ground floor has been used by a long standing retail unit for many years and has recently signed a new 10 year lease. The Flats above are let on a A.S.T. with 2 currently being unoccupied and in need of some refurbishment. Details as follows:-
Ground Floor Premises:- Used as a Locksmiths and currently let by way of signing of new agreement in January 2017 for 10 years with a 5 year review @ £3,700.00 per annum on a F.R.I.
Rear Access to 4 Flats:-
Flat 1 – Top Floor Flat consisting of Bedroom, Lounge, Kitchen and Bathroom. It has been let to a long term tenant @ £81.00 per week.
Flat 2 – First Floor Bedsit, vacant at the moment, but when let it brings in @ £75.00 per week.
Flat 3 – 2nd Floor Flat consisting of Bedroom, Lounge, Kitchen, Bathroom. It has been let to a long term tenant @ £81.00 per week.
Flat 4 – Ground Floor Studio Flat consists of Bedroom, Kitchen/Lounge, Bathroom, currently unoccupied, and in need of refurbishment and repair.
Once fully occupied the entire property should produce an income of around £19,000 per annum
- Commercial Investment
- Ground Floor Unit & 4 Flats above
- Popular Residential Area
- Excellent Opportunity
- Address: 34, Balls Road, Birkenhead, Merseyside, CH43 5RE
- Price: OIRO £130,000
- Status: SSTC