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Under Offer

6 Smithdown Place, Liverpool, Merseyside, L15 9EH

  • Offers To Be Submitted By 12th April 2019 5.00PM
  • Freehold Investment Opportunity
  • Considerable Scope To Add Value
  • Prime Location Within A Well-Established Commercial District
  • Ground Floor Currently Let To Boots Pharmacy At A Rent Of £16,500 per annum

Investment Opportunity Location The property is situated fronting on to Smithdown Road at its junction with Cranton Road/Penny Lane, approximately 4 miles southeast of Liverpool City Centre. Smithdown Road is a main arterial route linking Liverpool City Centre with the surrounding Merseyside area, and provides a popular shopping district serving a well-established residential community. The nearby Allerton Road District Centre comprises a number of local and national retailers, including Tesco, Costa, Halifax Bank, WH Smith, Max Spielmann, and Santander to name but a few. The Property The property comprises a three-storey end-terrace building of traditional brick construction under a slate roof, occupying a prominent corner position, consisting of a ground floor commercial occupier by way of Boots Pharmacy with three self-contained one-bed apartments to the first and second floor, which are currently vacant and in need of refurbishment. Accommodation We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following approximate areas and dimensions: Ground Floor Net Internal Area: 83.45 sq.m. (898 sq.ft.) First Floor Flat 1: 36.6 sq.m. (395 sq.ft.) Flat 2: 31.8 sq.m. (342 sq.ft.) Second Floor Flat 3: 36.5 sq.m. (393 sq.ft.) Tenancy Information The ground floor is currently let to Boots (UK) Limited, on an effectively Full Repairing and Insuring Lease for an initial Term of 5 years from August 2016 at a current passing rent of £16,500 per annum. Covenant Information Boots (UK) Limited is a well-established national operator, and have been trading for over 50 years. It is currently the UK`s leading pharmacy-led health and beauty retailer. Year Turnover Profit 31 August 2015 £9,198,000,000 £542,000,000 31 August 2016 £6,876,000,000 £523,000,000 31 August 2017 £6,837,000,000 £498,000,000 EPC Full report available upon request. Rates We understand through internet enquiries that the property has a rateable value of £16,750. The Uniform Business Rate for 2018/19 is 48.0p (or 49.3p above £18,000). Interested parties should make their own enquiry of Liverpool City Council`s Rating Department on 0151 233 3008 or www.voa.gov.uk/businessrates. Additional Information Offers to be submitted by 12th April 2019, 5:00 PM via sealed bids process "6 Smithdown Place". Tender Submissions can be sent via email as attachment to tom.pearson@skrealestate.co.uk, or delivered by hand or post to: Tom Pearson SK Commercial 2 Cotton Street Liverpool, L3 7DY For tender submission documents or further information, please contact SK Real Estate. Price Offers in excess of £275,000 for the Freehold Interest. V.A.T. We understand this property is not subject to V.A.T. Viewings Strictly by appointment via the sole agents SK Real Estate (Liverpool) Ltd Tel: 0151 207 9339 / Contact: Tom Pearson (tom.pearson@skrealestate.co.uk)

Listed By:

SK Real Estate
2 Cotton Street,
Liverpool, L3 7DY
Tel: 0151 207 9339
Email: commercial@skrealestate.co.uk

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