The ground floor is currently let by way of a new effectively Full Repairing and Insuring Lease for a term of 5 years from August 2020 at a rent of £20,000 per annum, with a break clause operation on the 3rd anniversary of the term.
The first and second floor is currently occupied on an informal basis by way of serviced apartments, currently producing £2,500 per calendar month.
£550,000 for the Freehold interest.
Investment or Owner user
Net income yield
Net operating income
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Property facts for 12 Wavertree Rd, Liverpool
The subject property consists of a double fronted ground floor commercial unit benefiting from A5 planning consent within a new build end terrace of traditional brick construction. The upper floors comprise two self contained 4 bedroomed apartments fit to an HMO standard benefiting from kitchen/diner with fully-integrated appliances, shower room, 2 WCs, part carpeted and part laminated flooring throughout and double glazing, currently producing £2,000-£3,000 per month by way of serviced apartments. The ground floor commercial premises is currently fit to a shell state comprising concrete flooring throughout, capped services with a three phase electricity supply and benefits from a substantial basement spanning the entire ground floor with a head height of 5.2 metres. Externally the premises benefits from an aluminium framed frontage with the added security of electric roller shutters.
The property is located fronting onto Wavertree Road (B5178) close to its junction with Kinglake Street and in close proximity with Edge Lane (A5047), the main arterial route linking the M62 with Liverpool City Centre which is approximately 2 miles west of the subject property. The immediate surrounding area consist of predominately residential/student housing, with national commercial occupiers in close proximity such as Tesco Metro and Taskers Home Store to name but a few. The nearby knowledge quarter sees plans for the 450 acre site to be redeveloped providing space for creative industries such as, science technology, education and health at a cost of £2 billion over the next 5 years.
Established in 1976 as a family business, Sutton Kersh operates Liverpool's leading chain of independent estate agents and Chartered Surveying practices.
With 6 multi-discipline branches across Liverpool, we offer a broad range of expertise covering residential sales, lettings and property management, commercial property, auctions, mortgages, surveys, valuations, and energy performance assessments.
We are a member of the Royal Institution of Chartered Surveyors (RICS), the National Association of Estate Agents (NAEA), the Association of Residential Letting Agents, the Property Ombudsman, the Office of Fair Trading (OFT) and Openwork, providing clients of Sutton Kersh have peace of mind that they are dealing with recognised industry professionals that are passionate about property.
Tom Pearson, Property Surveyor
Tom joined the company in January 2014 after graduating from Liverpool John Moores University. He works across all commercial property including Retail, Office and Industrial.
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