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Freehold Commercial Investment

Wallasey, CH44 - Get Access

Description

A substantial detached freehold building of three storeys plus basement, situated on a prominent corner of Borough Road and Hatherly Street, around 5.5 miles from Liverpool city centre. The property is let to a single tenant comprising a pet shop, carpet showroom, and previous ladies' gym on a 7-year lease expiring 1 January 2030, generating a rent of £24,000 per annum. Additionally, a rooftop telecoms mast is let until 14 October 2063. The building offers a development opportunity, with a potential deal to surrender the first and second floors to free up space for redevelopment, subject to agreement and planning consents. Features include partial double glazing and roller shutters. EPC ratings are Unit 1 – C, Unit 2 – D, and Unit 3 – C. Accommodation comprises a ground floor with a pet shop, showroom, offices, stores, kitchen, and WCs; first floor offices, stores, and WCs; second floor rooms of mostly bare brick; and a basement. (Basement and second floor not inspected.) Viewings are strictly by appointment.
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