23-25 Whitby Road, Ellesmere Port, Cheshire, CH65 8AA

Description

A mixed use investment opportunity comprising a large end of terrace building situated in Ellesmere Port Town Centre producing a combined current annual rental income of approximately £50,500. The ground floor area extends to approximately 204 Sq.M (2,195 Sq.Ft) and comprises three former separate retail units which are currently being converted into a large restaurant by the incoming tenant. The two upper floors, which are separately accessed, consist of 7 flats detailing 5 x 1 bedrooms and 2 x studio's of which all but one are currently let with the remaining vacant unit requiring refurbishment. The potential ERV once the remaining unit is let is approximately £56,000 which represents a gross yield in excess of 14% at our last quoted guide price. We understand the rent is paid full up to date and there maybe further opportunity to increase the rent to the housing benefit rate of £550pcm which would produce in excess of £60,000 income p/a.

The majority of the retail frontage is directly onto Whitby Road, the main road passing through Ellesmere Port Town Centre with the residential flats accessed via Cambridge Road. The immediate surrounding area houses a mixture of independent retailers and offices. Junction 9 of the M53 motorway network is a short drive away.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 28TH OCTOBER AND CLOSES ON WEDNESDAY 29TH OCTOBER.

3. Energy Performance Certificate: 23-25 = D, Flat 1 = F, Flat 2 = E, Flat 3 = G, Flat 4 = E, Flat 5 = D, Flat 6 = E & Flat 7 = F

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

Approx Site Area

Approximately 251 Sq M (300 Sq Yds)