Lot
26
£115,000 - £125,000
132 Seabank Road, Wallasey
The property comprises a substantial three storey end of terrace building situated in an established retail parade in a prominent main road position. It is close to the Promenade and within easy reach of New Brighton Seafront. There is retail use to the ground floor with seven letting rooms above with a multiple occupation licence.
Details
| Auction Date | 07th December 2016 |
|---|---|
| Lot Number | 26 |
| Guide Price | £115,000 to £125,000 |
| Status | Sold |
| Sale Price | £120,000 |
| Lot Type | Commercial Investment |
| Address | 132 Seabank Road, Wallasey, view on map |
| Tenure | Freehold |
| Tenancies | The shop is let at a rental of £3,900 per annum. The tenant is holding over under a lease beginning 11 April 2014. Five of the seven rooms are currently let producing a rental income of £16,744 per annum. When fully let there is a rental income of £27,404 per annum generating a yield of approximately 22%. |
| Viewing | By arrangement with the aucitoneers. |
Location
Accommodation
Legal Pack
132 Seabank Lease.pdf
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
