Morrisons Daily

Rainhill, Prescott, L35 8LD

For Sale

Property Type Investment
Availability For Sale
Size 2400 sqft
Energy Performance Rating This property has been graded as D 76

Freehold Convenience Store Investment. T/A Morrisons Daily. Let to Martin McColl Limited on a New 15 Year Lease with no Breaks.


LOCATION

The city of Liverpool is one of the major commercial and retailing centres of North-West England with a population in excess of 480,000. The city has good road communications being served by the M53, M57 and M62 motorways which in turn link to the M6, 4 miles from Liverpool city centre. The property is located in Rainhill, a densely populated suburb of Liverpool situated 8 miles to the east of the city centre and ½ mile to the north-east of the junction of the M62, M57 and A5080. The premises are situated on the northern side of Warrington Road (A57) close to its junction with Chatsworth Road. Nearby is Rainhill Railway Station and Storey Lane Industrial Estate. Occupiers in the nearby vicinity include a number of well established local traders.

KEY POINTS

  • Trading as Morrisons Daily will be let on a new lease to the excellent covenant Martin McColl Limited
  • Fixed uplifts at 2% per annum compounded throughout offering guaranteed rental growth
  • A purchase at this level would reflect a Net Initial Yield of 6.04%, with a reversionary yield of 6.67% in 2026
  • Rent of £30,000 pa on a new 15 year lease with no breaks
  • Freehold
  • Offers in the region of £475,000
The property is a mid terraced building of brick construction under a pitched roof forming part of a local retail parade. The store is a double shop unit arranged over the ground floor with a sales area providing a range of grocery products, off license, Costa Coffee machine, hot food items and an ATM. On the first floor is two self- contained flats which have been sold off on long leases. There is ample free car parking available on the street in front of the unit.
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Viewing & Further Information

For further information, or if you would like to arrange a viewing, please contact our agents:

Nick Sherling

020 7478 9113

CONTACT AGENT


Michael Braier

020 7478 9112

CONTACT AGENT


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