235 Clipsley Ln 4,021 sq ft Retail Property Haydock WA11 0JG £350,000 (£87.04/sq ft) 7.91% Net Initial Yield

Investment Consideration:
VAT is NOT applicable to this property
Comprises large ground floor Convenience store and Post Office t/a Go Local Extra
Includes warehouse unit at the rear t/a Vehicle Repair Workshop
Within close proximity to public transport links and is just a 10 minute drive from St Helens town centre.
Property Description:
The property is arranged on ground floor only to provide a convenience store incorporating a Post Office with ancillary accommodation together with a separate industrial warehouse and loading yard, which is located to the rear and separately let. The end terrace industrial unit with B2 use comprises of a roller shutter door accessed via Clipsley Lane, storage area and user facilities including a WC and kitchen.
Ground Floor Shop: 257.60 sq m (2,773 sq ft)
Rear Industrial Unit: 116.00 sq m (1,248 sq ft)
Total area size: 373.60 sq m (4,021 sq ft)
Tenancy:
The shop is at present let to an Individual t/a GoLocalExtra for a term of 15 years from 29th October 2013 at a current rent of £22,000 per annum. The lease contains effectively full repairing and insuring covenants. The warehouse unit is at present let to Auto Rodge Ltd for a term of 10 year from 4th July 2023 at a current rent of £5,700 per annum. The lease contains effectively full repairing and insuring covenants. Deposit is held of £600.
Tenure:
Virtual Freehold. Held for a term of 999 years from 1st April 1913 (thus having approximately 890 years unexpired) at a fixed ground rent of £10 per annum.
Location:
The property is within close proximity to public transport links and is just a 10 minute drive away from St Helens town centre. Haydock is located within the metropolitan borough of St Helens and is located roughly midway between Liverpool and Manchester and lies adjacent to Junction 23 of the M6 Motorway and the East Lancashire Road (A580). The property is situated on the south side of Clipsley Lane (A599), close to its junction with Gardner Avenue.