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Available

43 Booker Avenue & Brodie Avenue, Liverpool, Merseyside, L18 4QZ

  • Freehold Investment Opportunity
  • Prominent Corner Position
  • Well-Established Commercial Parade
  • Ground Floor Currently Let To Boots Pharmacy At A Rent Of £10,400 Per Annum

Investment Opportunity Location The property forms part of a well-established local shopping parade, with a commercial frontage fronting on to Booker Avenue at its junction with Brodie Avenue approximately 3.5 miles Southeast of Liverpool City Centre. The frontage is set back from Booker Avenue, and benefits from a short slip road which provides a reasonable kurbside parking provision. The immediate surrounding area provides desirable residential dwellings, with nearby commercial occupiers including local convenience store, beauticians, bar and eateries, Bargain Booze, and Tesco, to name but a few. The Property The subject property comprises a large two storey semi-detached mixed use premises, occupying a large corner plot, consisting of a national retailer occupying part of the ground floor with the remainder of the ground floor and first floor comprising a three-bed flat with access from Brodie Avenue via the self contained side door entrance. 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 Commercial Unit Net Internal Area: 47.6 sq.m. (512 sq.ft.) Residential Not Measured Tenancy Information The ground floor is currently let to Boots Pharmacy, on an effectively Full Repairing and Insuring Lease, for an initial Term of 5 years from August 2016 at a current passing rent of £10,400 per annum. We understand that the residential flat is currently let by way of a long term Protected Tenancy Agreement, at a rent of £164 per calender month. 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 £7,900. 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. Price Offers in the region of £250,000 for the freehold interest. V.A.T. We understand the 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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