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Features and description
MIXED USE COMMERCIAL INVESTMENT !! 8% Return ! We are delighted to offer for sale a Grade II listed former banking hall which is currently being used as a mixed residential and commercial site, comprising of a commercial unit on the ground floor and three residential flats to the first and second floors. The residential units are fully self-contained with access to the flats via on Whetstone Lane.
All flats are of a good standard and all currently let on periodic ASTs producing an annual income of £10,740 per annum ( 1 flat is inclusive of the restaruants rent £26,000 p/a ) The commercial element is currently trading as Riviera, an Italian / Mediterranean Restaurant & Cocktail Lounge, let on a 10 year lease producing an annual income of £26,000 per annum.
The restaurant has proven to be a popular choice for locals and received great online reviews.
We understand that inclusive of £26,000 there is a two bedroom flat inclusive as part of the deal. The building is set in a convenient location within Birkenhead which provides a wide range of amenities including primary and secondary schools, a variety of shops, and regular transport links to Liverpool and surrounding areas.
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257 Grange Road Birkenhead CH41 2RH
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