1 Merseyton Road Ellesmere Port CH65 2AW Asking price of £1,000,000

Property Type

Commercial

Square feet

3875

Features and description

A fantastic opportunity to purchase this Freehold commercial investment property which was formerly known as 'The Grosvenor' pub/hotel and now forms 13 residential apartments on AST's presently producing an income of £75,180 per annum (£6,110 pcm) We understand from the landlord, that the rents will be increased to £82,000 pa from July 2024.

(£683.33 pcm) *Of special interest* Planning Permission has previously been approved for 4 Flats with car parking to the side.

Borough of Ellesmere Port & Neston (Appn.No.P/08/488) Comprising a mixture of 1 & 2 bedroom apartments, set over three floors, with gas central heating, modern fitted kitchens and bathrooms and ample parking spaces. Occupying a great location, which is not overlooked, and sits on the corner of Merseyton Road and Upper Mersey Street, located close to the banks of the River Mersey and Manchester Ship Canal.

The M53 is close by providing easy access to Liverpool and Chester and further afield. Great for someone wishing to expand their investment portfolio - don't miss out!

• COMMERCIAL FREEHOLD INVESTMENT
• 13 RESIDENTIAL APARTMENTS
• AST'S PRODUCING £82,000 PA
• £683.33 PCM
• P/P FOR ADDITIONAL 4 FLAT WITH PARKING
• GREAT LOCATION CLOSE TO BANKS OF RIVER MERSEY
• MIXTURE OF 1 & 2 BED APARTMENTS
• FORMERLY PUB/HOTEL
• GAS CH - MODERN KITCHENS & BATHROOMS
• ONE TO VIEW