FOR SALE BY ONLINE AUCTION WEDNESDAY 26TH OF FEBRUARY 2025 AT 9AM - ***MASSIVE POTENTIAL ANNUAL RENTAL YIELD OF 36% BASED ON GUIDE PRICE!***FANTASTIC PRIME, VACANT COMMERCIAL PROPERTY AVAILABLE IN WALLASEY***SERVES AS A KEY AMENITY FOR THE LOCAL RESIDENTIAL COMMUNITY***
***BUSTLING AREA*** - Introducing a fantastic, prime commercial opportunity at 150 Borough Road, Wallasey, CH44 6NH—a vacant retail unit situated within a bustling local parade with a high footfall***
***VERSATILE & SPACIOUS*** - Boasting a prominent corner position with return frontage, this ground floor property offers 319 sq ft (29.65 sq m) of versatile space.
***KEY AMENITY*** - The strategic location of this popular local retail parade serves as the principal, key amenity for the surrounding residential community.
**MASSIVE POTENTIAL YIELD*** - The estimated potential yield is a massive 36% based on the guide price of £20,000, on an estimated rent of £600 PCM (£7,200 per annum).
***LONG LEASEHOLD WITH A 999 YEAR LEASE***
***RECENT NEARBY RESIDENTIAL SALES***
- 22 Hillcrest, Wallasey, Merseyside, CH44 3DD - 2 bedroom - SOLD Nov'24 - £95,000
- 38, Lucerne Road, Wallasey, Merseyside, CH44 7HA - 2 bedroom - SOLD Nov'24 - £95,000
- 48 Kendal Road, Wallasey, Merseyside, CH44 5SZ - 2 bedroom - SOLD Nov'24 - £70,000
***Wallasey is a town in the Metropolitan Borough of Wirral, Merseyside, England. Within the boundaries of the historic county of Cheshire, it is at the mouth of the River Mersey, on the north-eastern corner of the Wirral Peninsula*** The population is approximately 86,000***Wallasey has many amenities, including parks, beaches, supermarkets, healthcare facilities, leisure centres and two golf courses. The area is served by 13 primary schools and 7 secondary schools***
***Transport wise, Wallasey is very well connected. The Kingsway Tunnel has a roadway route via Poulton leads to its entrance in Seacombe, which links Wallasey with the centre of Liverpool. The M53 motorway begins in Poulton; it leads south through the centre of the Wirral Peninsula to Chester and into the M56 motorway, which continues to Manchester Airport. The North Wallasey Approach Road begins in Wallasey Village and ends in Bidston at junction 1 of the M53.
Leasowe Road gives access to Leasowe and Moreton to the west, and to Wallasey Village to the east.***The town has three railway stations: New Brighton, Wallasey Village and Wallasey Grove Road. Merseyrail operates electric trains to Liverpool Central on the Wirral line.***Bus services in the area are operated primarily by Arriva North West, Stagecoach Merseyside and Al's Coaches. Routes connect Wallasey with nearby towns including Birkenhead, Leasowe and Moreton; the 423 provides a regular service to Whitechapel, Liverpool.***
GUIDE PRICE: £20,000
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
MASSIVE POTENTIAL ANNUAL RENTAL YIELD OF 36% BASED ON GUIDE PRICE!
FANTASTIC PRIME, VACANT COMMERCIAL PROPERTY AVAILABLE IN WALLASEY
SERVES AS A KEY AMENITY FOR THE LOCAL RESIDENTIAL COMMUNITY
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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