Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment situated in the pedestrianised heart of a popular commuter suburb.
Arranged across ground and first floors, the property is fully let to Bank of Scotland (t/a Halifax) on a lease expiring 24/12/2026 and paying a rent of £27,000 per annum. The tenant has been in occupation for over 20 years and the rent has recently been re-based from £48,750 per annum.
Situated with a frontage to the pedestrianised Derby Road, the property is in the centre of the retail amenity for Huyton Village; a popular commuter suburb on the outskirts of Liverpool. Nearby occupiers include Superdrug, Greggs, and Iceland Supermarkets.
Tenure
Long Leasehold - 250 Years from 24/06/2016 at Peppercorn Rent
Tenancy
The property is fully let to Bank of Scotland (t/a Halifax) on a lease expiring 24/12/2026 and paying a rent of £27,000 per annum. The lease is on full repairing and insuring terms and includes a break option on 24/12/2024.
The tenant has been in occupation for over 20 years and the rent has recently been re-based from £48,750 per annum.
Rent
Notes
We understand the property is elected for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).