31a, 31b And 31c Stephenson Way, Liverpool, Formby, L37

Available £375,000 Guide Price

  • Fully let retail warehouse investment.
  • Existing tenants unaffected by the sale.
  • Rare opportunity to purchase on the established Formby Industrial Estate.
  • Current total rental approximately £25,200 per annum exclusive of all other outgoings.
  • Existing tenants holding over.
  • Reversionary rentals.
  • Portal framed warehouse construction with parking to the front and rear yard area.
  • No VAT on rental or purchase price.
  • Sale due to retirement.

The subject property is a detached portal frame warehouse structure which has been subdivided into three units.

The left hand tenant trades as a fireplace retailer and occupies the front area, 31a, in addition to the rear store area, 31c. This tenant is currently holding over from their existing lease which is subject to a rental of £17,400 per annum (£16,800 by agreement with the current landlord) for both units plus contribution towards buildings insurance, the tenant being responsible for utilities and business rates, if applicable.

The right hand side is occupied by a Saddlery / equestrian supplies business and comprises of an open plan retail area with glazed shop frontage and container for perishable storage to the side. The tenant is also holding over and currently pays a rental of £7,800 per annum exclusive of all other outgoings plus contribution towards buildings insurance, the tenant being responsible for the payment of utilities and business rates, again if applicable.

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