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14-16 Lindi Ave 300 sq ft Retail Property Warrington WA4 2SJ For Sale
INVESTMENT HIGHLIGHTS
- 8.5% Gross Yield.
- Current Rent £55,680 PA.
- Highly Sought After Area.
- Includes Car Parking.
- 6 Separate Units.
- South Warrington Location.
- Potential to Extend at Rear.
- 5 Flats & 1 Retail.
EXECUTIVE SUMMARY
The property is situated on Lindi Avenue, just off the A55 Chester Road, Grappenhall. Grappenhall is a popular south Warrington location, 2 miles from the M6/M56 Motorway interchange. Surrounding property is good quality residential, comprising mainly semi-detached family homes.
Multi Unit Investment Block An adjoining pair of two storey mid terraced properties converted into 5 flats and a salon/retail unit, together with large rear yard, that is currently used for parking and could be potentially extended into. The flats are currently let on Assured Shorthold Tenancy Agreements at rents between £750 pcm and £795 pcm per unit. The ground floor retail unit is let as a hair salon at a rent of £775 pcm. This is an excellent opportunity for an investor to acquire a property in an affluent south Warrington location with established tenants.
Multi Unit Investment Block An adjoining pair of two storey mid terraced properties converted into 5 flats and a salon/retail unit, together with large rear yard, that is currently used for parking and could be potentially extended into. The flats are currently let on Assured Shorthold Tenancy Agreements at rents between £750 pcm and £795 pcm per unit. The ground floor retail unit is let as a hair salon at a rent of £775 pcm. This is an excellent opportunity for an investor to acquire a property in an affluent south Warrington location with established tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
300 sq ft
Costar Property Class
B
Year Built
1982
Tenancy
Single
Number of Floors
2
Frontage
35 ft on Lindi Avenue
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Flair Salon
- -
- 300 sq ft
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Flair Salon | - | 300 sq ft | - | - |
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NEARBY MAJOR RETAILERS
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14-16 Lindi Ave
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