£1,600,000 For Sale

39, 41, 45, 47, 49 And 51 Weld Road, Birkdale, PR8


Key Features

  • Preliminary Particulars - Several New Leases Pending
  • Existing Tenants Wholly Unaffected by the Sale
  • Total Income Approx. £146,428 p/a - Scope to Increase Income on Rear Car Park
  • Fully Let Investment by way of 10x Leases and 3x Licence Agreements
  • Prime Position within Birkdale Village.
  • Sustainable and Fully Occupied Multi-Let Investment Property in Affluent Birkdale Village Location
  • Available due to Retirement
  • Please Note, 43 Weld Road (marked in blue) is in separate ownership and does not form part of this sale

Fully let hospitality, leisure and retail investment within Birkdale Village, currently producing approximately £146,428 per annum exclusive, with scope to increase income on rear car park. 39 - 51 Weld Road (excluding no. 43 which does not form part of this sale) is a block of predominantly commercial properties, adjacent to the railway line in the centre of Birkdale Village. We understand the building originally dates to around 1860, the first part being a two-storey high livery stable and small dwelling, which is now no. 51 Weld Road. The range of buildings adjoining no. 51 Weld Road extend across the rear elevation, forming an entrance to the rear of the building. This was closed and became no. 39 Weld Road, a lock-up shop on two floors. At the same time, a villa was built on the front of the stables and now forms 41 - 49 Weld Road. 41 Weld Road is a wine bar on the ground floor and has four letting bedrooms on the first floor. This formed half of the original villa. 43 Weld Road is a ground floor retail unit with a self-contained residential apartment above, this is in separate ownership, and does not form part of the property for sale. Nos. 45 and 47 Weld Road are now occupied as a restaurant, with most of the dining facilities in the former no. 45 Weld Road, together with a suite of first floor rooms. No. 45 Weld Road is reached from an entrance and staircase from between the shops on Weld Road, and uses the first floor over nos. 47 and 49 Weld Road. The occupiers of nos. 45 and 47 Weld Road also use a connecting rear first floor part of no. 51 Weld Road for storage and food preparation, and this area connects with an exterior fire escape staircase into the rear yard behind no. 51 Weld Road. 49 Weld Road is an independent ground floor lock-up retail unit, which is currently a barber's shop. 51 Weld Road is understood to have been a large livery stable and coach house when first built, but then become a motor garage and repair business, latterly it is divided up into four business premises. The frontage on two floors is a wine bar and restaurant, with access from Weld Road pavement across to an open hospitality area. The rear part of the building is a children's play barn and bar/restaurant reached from an open access way from Weld Road and a doorway from that paved road. Parts of the first floor are now two separate personal fitness centres. Behind no. 51 Weld Road is a former railway coal yard, used later for the storage of motor vehicles. The access road forms access to the tenancies at the rear of the building, with the part nearest to the back of the building used as a concessionary goods, access for storage, waste and tenants' parking. The remainder of the site is used as a public car park operated with a camera controlled and charged tariff system, details of the income for which are detailed in the preliminary tenancy schedule.
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