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Under Offer - For Sale

245 Strand Road, Bootle, Liverpool, Merseyside, L20 3HJ

Price £325,000

  • Investment Opportunity
  • 12 Bed HMO with Potential to Re-gear
  • Annual rental income: £33,600 per annum
  • Net Initial Yield of 10%

Investment Opportunity

Location
The premises are located fronting Strand Road at its junction with Litherland Road, approximately 2.5 miles North of Liverpool City Centre and in short walking distance West of Bootle Town Centre, the main shopping district. The immediate surrounding area consists of residential housing and mixed use premises with nearby Stanley Road comprising New Strand shopping centre which includes of a number of regional and national multiples including McDonalds, Subway, Santander, Nationwide and The Money Shop to name but a few.

The Property
The subject premises comprises a former public house over 2/3 storeys of traditional brick construction consisting of a fully licensed 12 bed HMO and fit out for this purpose. Externally, the premises benefits from UPVC double glazed windows, on road kerbside parking provision and communal terrace.

Accommodation
Measured electronically on web based Ordinance Survey mapping, the site has a total surface area of:

Site Area Approx: 227.7 sq.m (2452 sq.ft)

Occupational Tenancy
The premises is let by way of a Full Repairing and Insuring lease from 3 December 2018 for a Term of 5 years at a current passing rent of £33,600 per annum.

A copy of the Lease is available upon request.

Tenure
We understand that the premises is held Freehold.

EPC
The property has an EPC rating of B. Full report available upon request.

Price
£325,000, which would represent a Net Initial Yield of 10% (after deducting purchasers costs at 3.57%)

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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