£450,000 - £500,000
1-11 Liscard Village, Wallasey
This high yielding commercial investment not only is already producing a 10% yield but offers the potential to increase this further due to the extensive vacant first floor accommodation for which planning permission for 5 flats has been obtained. The investment is situated in a prominent main road position in the heart of Liscard town centre where many national retailers are represented. It enjoys good road links to the M.53 motorway and the Mersey Tunnel leading to Liverpool city centre. We understand that VAT is payable on the purchase price.
Details
| Auction Date | 07th July 2021 |
|---|---|
| Lot Number | 16 |
| Guide Price | £450,000 to £500,000 |
| Status | Sold |
| Sale Price | £500,000 |
| Lot Type | Commercial Investment |
| Address | 1-11 Liscard Village, Wallasey, view on map |
| Tenure | Freehold |
| Tenancies | 1/3 Liscard Village is let to DP Realty Ltd and occupied by Domino’s Pizza for a term of 20 years from 2012 with 5 year reviews at a rent of £15,000 pa. 5/7 Liscard Village is let to Age Concern, a registered charity for a term of 5 years from December 2018 at a rent of £15,250 pa. 9 Liscard Village is let to The Furniture Shop on a 6 month rolling licence at £7,800 pa. 11 Liscard Village is let to Tax Assist Accountants on a 3year lease from February 2019 at a rent of £7,800 pa. |
| Viewings | By arrangement with the auctioneers. |
Location
Accommodation
| Accommodation | It comprises 4 separate retail units together with self contained open plan first floor space extending to some 4,100 sq ft suitable for offices, dance studio/gym or residential use. We are advised that planning permission has been granted for 5 apartments and that this permission has been implemented. There are suspended ceilings and 3 phase electricity to the first floor together with upvc double glazed units. |
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Legal Pack
1-11 Liscard Village - APP_18_01023-EXISTING_AND_PROPOSED_PLANS-371711.pdf
1-11 Liscard Village -Auction contract.doc
Floor plans
There are no floorplan downloads for this property.
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Contact Details
51/52 Hamilton Square
Birkenhead
Wirral
CH41 5BN
Tel: 0151 647 9272
Fax: 0151 666 1336
Email: enquiries@smithandsons.net
