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INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW

INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW
INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW
INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW
INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW
INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW
INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW
INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW
INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW
INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW

INVESTMENT – Freehold Mixed Use – 10 & 12 Aughton Street, Ormskirk, L39 3BW

Status: For Sale

Address:
INVESTMENT - Freehold mixed use
10 & 12 Aughton Street
Ormskirk
L39 3BW

Details:

FOR SALE – A freehold property investment comprising of a town centre retail premises comprising two shops, and two apartments above (1 x 3 bed and 1 x 4 bed), fully let as per the tenancy schedule below and producing £64200 per annum gross of management costs. Asking price £595,000.

Tenancy Schedule
Premises

Ground Floor, 10 Aughton Street – Let to YMCA for a term of 10 years commencing 05th August 2019 at £21000 p.a. + VAT rising to £22000 p.a. on 04th August 2020 + VAT, subject to                  review on 05th August 2024 to open market value and a tenant break at 05th August 2024.

Ground Floor, 12 Augton Street – Let to Aughton Street Aesthetics on a monthly periodic tenancy at £7200 p.a + VAT.

First Floor, Flat 1 – A four bedroom flat, fully furnished and let on a room by room basis to students at £100.00 per room per week inclusive of bills, and thereby producing £20000 per annum when annualized.

Second Floor, Flat 2 – A three bedroom flat, fully furnished and let on a room by room basis to students at £100.00 per room per week inclusive of bills, and thereby producing £15000 per annum when annualized.

The two flats are managed by a managing agent at a cost of 8.0% of rental receipts equating to £2800 per annum.

 

 

Accommodation: Two no. shops, and two no flats above

Price: £595,000

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Orme Associates Property Advisers is the trading name of Monument Square Ltd (Co Reg. No 09909965), registered office 9A York Street, Liverpool, L1 5BN