55 Derby Road, Huyton, Liverpool, Merseyside, L36 9UQ
£77.46 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,227 sq ft
300 sq m
- SECTOR
Commercial property for sale
Key features
- Entirely let to Bank of Scotland (t/a Halifax) on a FR&I lease expiring 24th December 2026
- Passing rent of £27,000 per year. ( 2024 break not excercised)
- Comprising a total of 299.79 sq m (3,227 sq. ft)
- Town Centre location, close to Superdrug, Greggs, Iceland and Vodafone
- Virtual Freehold - Held on a lease for 250 years from 21/09/2016
- Guide Price - £249,950, equating to a net initial yield of 10.53%
Description
Offers based on £249,950 plus VAT are sought for the long leasehold interest. A purchase at this level reflects a net yield of 10.53%, after usual purchaser's costs.
Virtual Freehold Town Centre Bank Investment
The property comprises a two story mid parade property occupied by Bank of Scotland (trading as Halifax) with a ground floor retail area fitted out to their usual corporate branding. To the first floor there is ancillary accommodation with rear service access and car parking to the rear.
Location
The property is situated on east side of Derby Road between its junctions with Centre Way and Huyton Hey Road.
Huyton is a busy town located 7 miles east of the city of Liverpool, 5 miles south-west of St Helens and 11 miles west of Warrington. The town benefits from close proximity to the intersection of the M62 and M57 motorways, providing easy access to Liverpool to the west and Manchester to the east. Huyton Station is 0.3 miles from the property and occupiers close by include Superdrug, Iceland and Vodafone amongst many others.
Tenancy
The entire property is let to Bank of Scotland PLC (trading as Halifax) for a term of 5 years from 25/12/2021, expiring 24/12/2026. The passing rent is £27,000 per annum, rebased from £48,750. The 2024 break clause has not been exercised demonstrating commitment to the location.
VAT
We are advised that VAT is applicable to the purchase price, although it is anticipated that the sale will be dealt with by way of a TOGC.
EPC
Available upon request.
Legal Costs
Each party is to bear their own legal costs in relation to this matter.
Anti Money Laundering
In accordance with mandatory anti-money laundering regulations, two sources of identity and a form of proof funds will be required from the successful purchaser.
Energy Performance Certificates
EPC 1Brochures
55 Derby Road, Huyton, Liverpool, Merseyside, L36 9UQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Huyton Station6.5 miles
- Roby Station6.0 miles
- Whiston Station8.4 miles
About Bond Wolfe, Commercial Sales
1st Floor 75-77 Colmore Row Birmingham B3 2AP
Bond Wolfe is a multi-disciplined property business specialising in property Auctions and property Agency with our head office based in Birmingham. Many of our highly experienced and dedicated team have been with the business for over 30 years.
We are truly proud of our Midlands roots and honoured to have represented the region since 1983. We also act for many clients across the UK and overseas too. Bond Wolfe has a great track record of selling, letting and managing property up and dow
Notes
Disclaimer - Property reference 229616. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Wolfe, Commercial Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.