Tenanted Investment Property
Summary
- Double Fronted
- Established Tenant
- Single Tenant
- 14 Years in Occupation
- 5 Year Lease from Dec 2024
- Corner Property
- Communal Yard & Parking
- Customer Parking Opposite
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Ground | 1,023 | 95.04 |
| 1st | 910 | 84.54 |
| Total | 1,933 | 179.58 |
Location
The property is situated on the A599 Church Road, Haydock, within a primarily residential area, with commercial businesses fronting the main road.
Church Road carries a considerable volume of through and local traffic and provides convenient access to the A580 East Lancashire Road.
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Mainline Stations
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Earlestown28 mins
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Garswood29 mins
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Newton-Le-Willows40 mins
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Bryn41 mins
Underground Station
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Chesham2879 mins
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Amersham2915 mins
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Chalfont and Latimer2943 mins
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Chorleywood2978 mins
Further Information
Rates Payable TBC.
EPC Rating This property has been graded as C (53)
Description
Morgan Williams are pleased to be instructed to dispose of this single tenanted roadside investment property.
The tenant is a well established family business that has been in occupation for the past 14 years and in December 2024 they re-signed for a further 5 year term. They successfully operate a well renowned bathroom showroom business and they have attractive sales areas across both floors of the property.
The property is double fronted and two storey and the gable end and frontage enables prominent advertising to passing traffic.
There is a communal rear yard where tenant parking and loading is available and there is also a public customer car park directly opposite.
Purchase Price
£245,000.
VAT
We are advised that VAT is not applicable to the property.
Tenancy Analysis
The current passing rent is £21,000 per annum and the asking price represents a gross yield of 8.6%.
We consider that this tenant offers longevity and ease of management for an investor.
There are also national multiple tenants along the same parade, such as Domino's Pizza and Galloways Bakery.
Tenure
A new Long Leasehold interest will be carved out of our Client's Freehold Title.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
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