£525,000 For Sale

23 & 23A Chapel Lane, Formby, L37

Key Features

  • Investment Sale - Existing Tenants Unaffected.
  • Ground floor Self-contained retail unit let for a term of 10 years from June 2021 at an annual rental of £25,000 per annum (from June 2022).
  • First floor Self-contained residential flat - let on Assured Shorthold Tenancy at an annual rental of £9,600 per annum.
  • Total annual income - £34,600 per annum.
  • Prime retail position to affluent Formby Village.
  • Public car park to the rear.

Mid-terraced retail unit of brick construction under slate covered pitched roof. The ground floor benefits from a powder coated aluminium single glazed frontage to Chapel Lane, extending to the rear of the property by way of traditional brick construction under a flat roof, which in turn provides additional storage accommodation. The first floor provides a self-contained flat let on an Assured Shorthold Tenancy Agreement.
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