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Property Type
Commercial
Features and description
Fabulous opportunity to purchase this mixed use property arranged over 3 floors, providing an attractive yield of just over 9%. Ground floor shop is 64 sqm and rented to a vape business, who have been trading there for around 15 years.
The tenant has just signed a new 5 year lease for £980 pcm. First floor 2 bedroom flat is 69 sqm and rented for £750 pcm. Second floor 2 bedroom flat is 63sqm and rented for £700 pcm. An added bonus of a large area of land at the rear, which is included in the sale, and has development potential. Total rent is £2,430 pcm and £29,160 pa. The property affronts Eccleston Street, which is a pedestrianised road in the heart of the town, with lots of independent bars and restaurants.
There is plenty of investment in the area over the past 5 years including the Shakespeare North Theatre.
There is also an independent arthouse cinema which is due to open this year. Definitely one to view!
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25 Eccleston Street Prescot L34 5QA
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