Property photos
Freehold
£180,000
Property for sale
Mount Road, Birkenhead CH42Local area information
Property location
Nearby amenities
- Prenton High School for Girls 0.1 miles
- Bedford Drive Primary School 0.2 miles
- Rock Ferry 0.7 miles
- Green Lane 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Retail Unit & 2 Bedroom Apartment
- Combined Income £18,300 pa
- Retail Unit - 10 Year Lease from 2023
- Apartment - 12 Month asst
- Retail Unit - £10,800 pa
- Apartment - £7,500 pa
Investment property. Wirral. Retail unit and two bedroom duplex apartment. Combined income of £18,300 pa. Gross yield over 10%. Commercial - 10 year lease from 2023. Freehold £180,000. FR2695.
Location
The property is situated on Mount Road, Tranmere, Wirral, between Borough Road and The Wiend. Tranmere is a densely populated area, close to local amenities and transport links.
Description
The subject premises comprises of a ground floor retail unit, trading as a barbers shop, with a two bedroom apartment above. The property is set within a mixed use parade of similar units with commercial elements below and residential accommodation above.
Retail Unit - 119 Mount Road
The ground floor retail unit extends to approximately 51.7m2 (556ft2) and briefly comprises of open salon and sales areas with kitchen to the rear.
Residential Accommodation - 119A Mount Road
The residential accommodation comprises a fitted kitchen, dining room, utility room, bathroom, lounge and two double bedrooms.
Tenancy Information
119 Mount Road – 10 Year Internally Repairing and Insuring (iri) lease from October 2019 at £8,500 per annum, with no breaks and three year upward only rent reviews subject to minimum rpi increase. (October 2022 review outstanding at rpi this would increase rent to £8,925 per annum).
119a Mount Road – 6-month asst at £450.00 pcm, generating an annual income of £5,400.
Tenure & Asking Price
Freehold. Offers are sought in excess of £180,000 for the property.
Viewings
For further information or to arrange a viewing of the premises please contact: Phil Jacob mrics
Location
The property is situated on Mount Road, Tranmere, Wirral, between Borough Road and The Wiend. Tranmere is a densely populated area, close to local amenities and transport links.
Description
The subject premises comprises of a ground floor retail unit, trading as a barbers shop, with a two bedroom apartment above. The property is set within a mixed use parade of similar units with commercial elements below and residential accommodation above.
Retail Unit - 119 Mount Road
The ground floor retail unit extends to approximately 51.7m2 (556ft2) and briefly comprises of open salon and sales areas with kitchen to the rear.
Residential Accommodation - 119A Mount Road
The residential accommodation comprises a fitted kitchen, dining room, utility room, bathroom, lounge and two double bedrooms.
Tenancy Information
119 Mount Road – 10 Year Internally Repairing and Insuring (iri) lease from October 2019 at £8,500 per annum, with no breaks and three year upward only rent reviews subject to minimum rpi increase. (October 2022 review outstanding at rpi this would increase rent to £8,925 per annum).
119a Mount Road – 6-month asst at £450.00 pcm, generating an annual income of £5,400.
Tenure & Asking Price
Freehold. Offers are sought in excess of £180,000 for the property.
Viewings
For further information or to arrange a viewing of the premises please contact: Phil Jacob mrics
There are some planning applications within 0.5 miles of this home
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Listed by
Frobishers Property Limited
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