178 Long Lane, Aughton, Ormskirk, Lancashire, L39

Available £109,950 Guide Price

  • Fully let ground floor retail investment
  • Tenant unaffected by the sale and have been in occupation since May 2018
  • Current passing rent £8,068 per annum
  • Rent rising to £8,615 per annum
  • Fixed 2.5% annual rent increases
  • 5 year lease from May 2023
  • Approx 510 sq ft (47.4 sq m)
  • Three allocated parking spaces
  • Freehold interest included
  • Residential ground rent income

Ground floor retail unit arranged as a hair and beauty salon.
Accommodation includes:
Main salon area
Treatment room / office
Store
Modern salon fit-out
Prominent glazed frontage
Suspended ceiling with LED lighting
Timber effect flooring
Kitchen and WC facilities
Rear access

Tenancy: The property is let to an established hair dressing salon. Trading as Blush Hair & Extensions.

Lease Terms

Term: 7 years from 1 July 2026
Passing rent: £690 per calendar month (£8,280 per annum)
Rent review: Fixed 2.5% annual increases

Rent Schedule

Period Annual Rent
1 July 2026 - 30 June 2027 £8,280
1 July 2027 - 30 June 2028 £8,496
1 July 2028 - 30 June 2029 £8,700
1 July 2029 - 30 June 2030 £8,940
1 July 2030 - 30 June 2031 £9,180
1 July 2031 - 30 June 2032 £9,420
1 July 2032 - 31 May 2033 £9,660

Figures as detailed in the occupational lease a copy of which is available on upon request.

Tenure: Long Leasehold Retail Interest together with Freehold Interest in the Building.

Residential Ground Rents: The flats have been sold off on long leasehold titles, however the freehold includes Ground rent income:
Flat 178a: £150 per annum
Flat 178b: 999 year lease at peppercorn rent

Building Insurance: Current building insurance: £517 per annum Retail contribution: One third

Investment Summary
Current passing rent: £8,280 per annum