SALE AGREED (28.01.09)

This property comprises a double fronted hair salon and two 1 bed self contained flats above. Both flats are central heated and let on a shorthold lease agreement. The retail unit is currently let on a lease of £150 per week. This property is conveniently located to West Derby Road, a main road into Liverpool City Centre. There is a good range of local shops as well as access to transport facilities and the Motorway Network via the M62.

                                                                                                                 
SALE PRICE:         £100,000 (€110,000)

Rental Income:     Retail Unit £150pw / Flat 1 £115pw / Flat 2 £90pw

Total Rental Income P.A:  £18,460 (€20,306)

Less 10% Letting Fees: £1,846 (€2,030)

NET RENTAL INCOME P.A £16,614 (€18,275) = 16.6% yield

                               

ACCOMMODATION

This is briefly arranged as follows:-

Ground Floor

Combined Through Hair/Beauty Salon. Rear Store Room plus former Kitchen, Ante-Space and Cloak Room/WC.

Separate first floor access to upper floors as follows;-

First Floor Flat 52A with Hall, Front Living Room with gas fire, Rear Double Bedroom, Kitchen, Bathroom/WC

First Floor Flat 54A with Hall, Front Living Room with gas fire, Rear Double Bedroom, Kitchen, Bathroom/WC

There is a small yard at the side of the rear outrigger. The original yard has now been covered with flat felt roofs and used for storage facilities.

All measurements however, are approximate and not suitable to gauge carpet sizes etc. They are only a guide.