Location

Frodsham is a vibrant market town situated 11 miles north east of Chester City Centre and 16 miles south of Liverpool close to the M56 motorway. The investment occupies a prominent position on the A56 Main Street, the major thoroughfare through the town and is close to the railway station which links to all surrounding areas.

Description

The Grade II listed building comprises 3 individual shops arranged over basement, ground, first and second floors with Coral Racing occupying the majority of the upper floor accommodation. The property is brick built under a pitch slate roof and has been partly extended at the rear in parts. Roadside parking is immediately available at the front with ample parking provision at the rear and around the town.

Services

Mains electricity, gas, water and drainage are connected.

Tenancy Information

101 Main Street - An individual let on a 9 year lease from 22/06/2016 at ?14,000 per annum, subject to a schedule of condition. 103 Main Street - Coral Racing Limited on a 10 year lease from 24/06/2016 at ?20,000 per annum, subject to a schedule of condition.103a Main Street - An individual let on a 5 year lease from 12/11/2020 at ?8,500 per annum.Total rental income: ?42,500 per annum.

Asking Price

We are instructed to seek offers in excess of ?425,000 for the sale of the freehold interest in the property, which will show a purchaser an attractive net initial yield of 9.6% after usual purchasers costs.

Tenure Comments

Freehold.