2 Eccleston Street Prescott L34 5QF £1,500,000

Property Type

Commercial

Features and description

An excellent opportunity to acquire a fully redeveloped mixed-use investment in the heart of Prescot town centre. This striking former HSBC bank has beeen thoughtfully converted to provide a high quality commercial unit on the ground floor, with 8 contemporary residential apartments above. The ground floor commercial premises is secured on a new 10 year lease, generating an annual rental income of £35,000 pa, with the tenant set to open imminently. The upper floors comprise 8 x well appointed 2 bedroom apartments, all finished to a high modern standard, appealing strongly to the local rental market. Each apartment is currently achieving a rental figure in the region of £850-£900 pcm, offering strong and consistent residential income. The asset delivers a combined income stream with an attractive gross yield of approximately 8% making it an ideal addition to any investor's portfolio. KEY FEATURES: .

Prominent town centre location. .

Fully refurbished former bank building. .

Ground floor commercial unit let on a 10 year lease (£35,000 pa) .

8 x modern 2 bedroom residential apartments. .

Residential rents ranging from £850-£900 pcm. .

High specification finish throughout. .

Strong diversified income stream. .

Approximate 8% gross yield. This is a rare opportunity to secure a turnkey, income-producing asset in an improving and well connected Merseyside location.

• Mixed Use Investment Opportunity
• High quality unit on ground floor
• 8 contemporary 2 bed apartments above
• Turnkey operation
• Attractive 8% yield
• Prominent town centre location
• Former HSBC bank
• High Specifiction throughout