Location
The property is situated on the southwesterly side of Lark Lane, in the Aigburth area, approximately 3 miles southeast of Liverpool City Centre. It forms part of a shopping/commercial frontage, which includes a number of restaurants, wine bars and public houses etc. as well as small retail shops along both sides of Lark Lane. Lark Lane is a popular leisure venue with a bohemian atmosphere and a wide variety of restaurants etc. It draws custom from a wide catchment area, as well as from the immediate residential locality.
The Property
The subject property is a two-story, mid-terraced mixed-use building consisting of a ground floor retail unit and a 2-bed flat to the upper floors under a pitched roof covered with traditional slate tiles. The structure is typical of late Victorian or early Edwardian architecture, characterised by its brick façade with contrasting brick detailing around the windows and doors. The ground floor comprises a main retail sales area, featuring an open-plan layout with large display windows currently fit out and trading as a florist benefiting from laminate flooring throughout and a mixture of ceiling mounted and spot lighting. To the rear of the unit is a small storage area and kitchen provision providing direct access to the rear yard. The upper floors are converted into residential accommodation, accessed via the separate entrance on the ground floor. The first floor provides an open plan living area with kitchen / diner and a bedroom with en-suite whilst the mezzanine floor provides a second bedroom, also with en-suite
Accommodation
We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) to provide the following approximate Net Internal Area:
Ground Floor: 56.22 sq.m (605 sq.ft).
First Floor: 63.44 sq.m (683 sq.ft).
Tenancy Information
We understand that the ground floor is currently occupied by Arta`s Flowers Liverpool Limited` for a term of 10 years from 1st September 2021 at a current passing rent of £10,000 per annum. The 2 bed flat is currently let by way of an Assured Shorthold Tenancy at £500 per calendar month. We understand there is an outstanding rent review for the ground floor commercial lease with scope to re-gear.
Further details available upon request.
Tenure
Freehold
EPC
The property has an Energy Performance Rating of D81. A full copy of the EPC is available upon request.
Rates
We understand through internet enquiries that the property has a rateable value of £8,200. Interested parties should make their own enquiry of Liverpool City Council`s Rating Department on 0151 233 3008 or www.voa.gov.uk/businessrates.
Guide Price
£275,000, reflecting a Net Initial Yield of 5.65% (after deducting purchasers costs at 2.98%)
Viewings
Strictly by appointment via the sole agents SK Real Estate (Liverpool) Ltd Tel: 0151 207 9339 / Contact: Tom Pearson (tom.pearson@skrealestate.co.uk
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own research into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Council Tax
Liverpool City Council,
Utilities
Electric: Mains Supply
Gas: Mains Supply
Water: Mains Supply
Sewerage: Mains Supply
Broadband: Unknown
Telephone: Unknown
Other Items
Heating: Gas Central Heating
Garden/Outside Space: No
Parking: No
Garage: No
