UNDER OFFER (Jan 09)

Excellent opportunity to acquire a retail property with overhead living accommodation with a 12% yield.

This property is a mid terrace single fronted shop unit trading as a barber shop with seperate 3 bed apartment above over two floors.  The property is situated on the borders of Cabbage Hall, Tuebrook and Newsham Park districts of Liverpool.  Within easy access of the main arterial routes into and out of Liverpool City Centre from the east of the City that is approx. 2 miles away.

The Barbershop is currently let on a lease agreement for £110 per week.  The three-bed apartment is also let on a short hold tenancy agreement for £120 per week.

SALE PRICE:          £90,000 stg (€99,000)

Rental Income:         Barbershop £110 pw (€121) / Apartment £120 pw (€132)

Total Rental Income P.A.   £11,960 p.a. (€13,156)     

Less 10% letting fees

NET RENTAL INCOME P.A.   £10,764 (€11,840) = 12% yield

                        

ACCOMMODATION

This is briefly arranged as follows:-

Ground Floor  (lock up shop)
Retail area        29.9sq mtrs
Kitchen        4.3 sq mtrs
Hall
Storeroom        

First Floor
Landing
Double Bedroom
Living Room
Kitchen

Second Floor
Landing
2 x Double Rooms
Bathroom / WC combined

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