£225,000 Under Offer

101 & 101A County Road, Ormskirk, L39

Key Features

  • Mixed use investment opportunity.
  • Ground floor takeaway - Rental: £6,824 per annum - 15 year lease from 2013.
  • One Bedroom Flat Accommodation Above Offered With Vacant Possession. Available by way of a new lease at a rental of £575.00 per calendar month (plus £90.00 per month contribution for utilities).
  • Established retail parade with prominence to the busy A59 County Road, Ormskirk.
  • No VAT on purchase price.

The ground floor at 101 County Road is an Indian takeaway, which has been extensively fitted out for this purpose approximately eight years ago, comprising of customer lounge/waiting area, counter and stainless steel open plan kitchen beyond, together with rear store/rear yard area, as shown on the lease plan. The tenant occupies by way of a 15 year lease granted in 2013 at a rental of £6,824 per annum exclusive of all other outgoings. The first floor flat has a separate entrance to the rear and comprises of a ground floor entrance area, with the first floor providing a lounge/bedroom, with recessed cupboards, a dining kitchen, bathroom/shower room/WC and an understairs cupboard. There is also a second floor attic room. The flat will be offered with vacant possession, available by way of a new lease at a rental of £575.00 per calendar month on an Assured Shorthold Tenancy Agreement. We understand the electricity & water is joint between the takeaway & flat, and the residential tenant makes a contribution to the takeaway occupier of £90 per month, but gas is separately metered. Parking is provided on a first come, first served basis, by way of a one way arrangement to the front elevation of County Road, providing an exit onto Green Lane. We are advised the property the roof has been re-tiled and this is very much a rare opportunity for a property along this parade to come to the market, in what is an established and sustainable takeaway/retail location close to Ormskirk Town Centre.
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