Location
The premises occupy a high profile busy area located on County Road, facing Walton Church. The shop is presently being used as an accident management company. The area has a large number of retail outlets and is also a densely populated residential area.

Premises History
The vendor originally purchased the premises in 2002 as a computer shop and soon after rented the property out as a Tattoo Parlour. In 2007 it briefly changed to a record shop until the present occupant occupied the premises.

Tenure
Freehold

Uniform Business Rates
The occupant in the shop pays the rates to the Liverpool City Council and in addition pays the vendor £400.00 monthly rentable income
Bedsits the Council tax is as Band A rates payable 2009/10 £1007.41, As the property has shared facilities the vendor pays this amount to the Council

Accommodation

Shop area

Double fronted shop front with electric roller shutters, modernised laminate flooring and modern beach effect chipboard panelled walls and stainless steel splashback panels. Fluorescent lighting, fully rewired and appliances conformed to regulatory standards

Kitchen area, laminate flooring, spot lights, base units with worktops and tiled splash back together with a stainless steel sink, drainer and hot water heater. No exit facility at the back of the property. The shop area is water metered and paid by the occupant, leading through from the kitchen is a toilet and wash basin facility together with a room for storage facilities. Approximate measurement of shop area 56.14 sq m (649 sq ft)

Residential accommodation

Secured entrance to rear leading to yard and metal steps to secure door to bedsits

First floor
Landing, kitchen, combi boiler, shower room/wc, three rooms furnished with double glazing

Second floor
Walk in shower, separate WC, three rooms furnished with double glazing

All appliances have been tested and conformed to regulatory standards

Income – Shop
£4800.00 - £400.00 Per month, the tenant has a 5 year lease of which three years remain. The rent is up for review in December this year.

Income – Bedsits
Presently two Bedsits occupied by long term tenants with a rent income of £6240.00 per annum (£60.00 per week) each tenant has a six month assured short hold tenancy agreement which are renewable at £60.00 per week all inclusive but with limits on electricity expenditure. Each room occupant has electric meters and they must purchase own TV licence

Potential
Property is in very good condition
If fully occupied income would be in excess of £20.000 per annum on the above figures or the new owner could convert the bedsits into self contained flats.

Energy Performance Certificate 0298-3016-0116-0400-1101

Reason for Sale

The vendor can no longer give this property his full commitment, due to other working commitments.
Excellent opportunity to maximise income.
If interested contact 077525 17025

Contact details

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