INVESTMENT

APPROX ANNUAL RENTAL VALUE - £ £15,800

229-231 SEAVIEW ROAD, WALLASEY, CH45 4PD

WHY BUY?

-Mixed commercial/residential investment
-fully let
-Ground floor retail unit
-2 flats to the upper floors
-Producing £15,800 p.a.

DESCRIPTION/ LOCATION

Double fronted mid terraced property comprising a large ground floor retail unit with two residential flats to the upper floors, approached via the rear. The shop comprises double fronted retail unit with workroom, store and staff facilities to the rear, trading as Wirral Models. We are advised the shop is let on a 5 year lease from February 2009 at a current rent of £6,500 p.a.

The property is located within a popular secondary retail area of Wallasey towards the top end of Seaview Road, close to its junction with Mount Pleasant Road and Hose Side Road, serving the local residential population. There is a good mix of local retailers within the immediate vicinity.


ACCOMMODATION
231a comprises staircase to first floor, kitchen, bathroom with WC, bedroom, front living room with a further bedroom to the second floor.

229a was not inspected however we are advised this also comprises a 2 bedroom flat accessed from a separate ground floor entrance to the rear. We are advised that both of the upper floor flats are let on Assured Shorthold Tenancies at £350 and £425 per calendar month respectively.