235 GREASBY ROAD, GREASBY -Smith and Sons (en-GB)

Situated in an established retail position and having a prominent main road frontage, this mixed commercial and residential investment is well placed for public transport, access to the M53 Motorway and enjoys a good residential catchment. The ground floor is trading as Clovers Coffee Shop & Diner and there is a self contained two bedroomed first floor flat. There is gas central heating to the first floor together with UPVC double glazing.

Details

Auction Date	19th February 2020
Lot Number	6
Guide Price	£130,000 to £150,000
Status	Sold
Sale Price	£173,000
Lot Type	Commercial Investment
Address	235 Greasby Road, Greasby, view on map
Tenure	Freehold
Rateable Value	£7,600 and as such will qualify for small business relief.
Tenancies	The café is let for a term of five years at a rental of £8,340 per annum. The flat is let on an assured shorthold agreement at £475 per calendar month. This produces a total rental income of £14,040 p.a.
Viewing	By arrangement with the auctioneers.

Location

Accommodation

Ground Floor	Café with approximately 30 covers - 46 sq m (495 sq ft), separate WC, fitted commercial kitchen - 8 sq m (87 sq ft), store - 7.1 sq m (76 sq ft)
First Floor Flat	Entrance hall, lounge, two bedrooms, kitchen, bathroom with shower over bath.
Externally	There is a rear yard with store together with provision for car parking.
Rateable Value	£7,600 and as such will qualify for small business relief.