23-25 Grange Mount Wirral CH43 4XN £675,000

Property Type

Commercial

Features and description

We are delighted to offer for sale a mixed residential and commercial site, comprising of a commercial unit to the front, and 10 residential flats to the ground, first and second floors to the rear. The residential units are fully self-contained with communal access to the side of the building.

The flats are all of a similar layout, and comprise of a living room with kitchen area, shower room with separate WC and generous sized bedroom/s.

Also further benefitting from gas central heating and UPVC double glazing throughout. The commercial element is a large open plan unit currently trading as a hand car wash with ample yard space to the front aspect. All flats are currently let on a periodic AST producing an annual income of £5,360 pcm (£64,320 pa) The generous sized commercial premises are currently trading as hand car wash (new lease to be agreed) producing an annual income of £7,200 pa. There is a basement on a short contract of £600 pcm (£7,200 pa) Total income produced is £78,720 pa which provides a healthy yield of 11.5%. The site is set in a convenient location within Birkenhead which provides a wide range of amenities including primary and secondary schools, shops, local bars and restaurants, and regular transport links to Liverpool and surrounding areas. One to view! *Please note proof of funds is required for viewings*

• Mixed residential & commercial site
• Freehold
• 10 residential flats plus basement
• Large open plan unit trading as car wash
• Ample yard space
• Total income produced £78,720 pa
• Healthy yield of 11.5%
• Great location close to amenities
• Viewing recommended
• Proof of funds required for viewings