125-135 LEASOWE ROAD, WALLASEY -Smith and Sons (en-GB)

This lot comprises two lock up shops and three self contained flats. All five units are let on terms outlined below, producing a substantial rental income and offered at a very generous yield. They are situated in a prominent main road position close to Wallasey Village and a few minutes drive of the Wirral coastal path, Mersey tunnel leading to Liverpool city centre and the M.53 mid wirral motorway. In addition to the five units, planning permission has in the past been granted for a single storey extension to the rear of 127 Leasowe Rd.

Details

Auction Date	05th May 2021
Lot Number	18
Guide Price	£260,000 to £280,000
Status	Withdrawn
Lot Type	Commercial Investment
Address	125-135 Leasowe Road, Wallasey, view on map
Tenure	Freehold
Tenancies	127 Leasowe Rd is let for a term of 5 years from December 2020 at a rental of £10,000 p.a. 131 Leasowe Rd is let for a term of 5 years from December 2018 at a rental of £5920 p.a. The three flats are let on AST’s at rents totalling £17,220 p.a. There is therefore a total rental income of £33,140 p.a.
Viewing	By arrangement with the auctioneers.

Location

Accommodation

127 Leasowe Road	Front sales area 31.6 sq metres (340 sq ft) Office 8.9 sq metres (96 sq ft) Rear sales area 28.5 sq metres (306 sq ft) Kitchen 11.5 sq metres (123 sq ft Storage / garage 80.75 sq ft (869 sq ft) WC
131 Leasowe Road	Sales Area 33.4 sq metres (359 sq ft) Rear store and w.c.
125 Leasowe Rd	Hall, living room, kitchen, two bedrooms, bathroom.
133 Leasowe Rd	Hall, living room/kitchen, bedroom, bathroom.
135 Leasowe Rd	Hall, living room, kitchen, two bedrooms, kitchen.