28-30 Market Street Newton Le Willows, WA12 9ANSold £210,000
The premises comprise two ground floor retail units with two 1 bedroom flats on the upper, each with separate access from the rear.
Located on the pedestrianised part of Market Street, the property is located next door to Boots chemists and is in the busy area of Newton Le Willows town centre making them prime retail position for any local or national occupier.
The lease has just been renewed on the hairdressers for £7800 p.a. and we are confident in achieving a minimum of £7800 for the vacant shop.
Both flats are in need of a small refurbishment with estimated cost of between £3,500 – £4000 for each and will achieve an annual rental of £4800 each.
We can secure the contracts for £210,000 showing a yield of 11.6% after refurb costs.
The vendors are also offering a 12 month rent guarantee further reducing your risk.
Offer Price: £210,000
Expected Rental Income: £2,100PCM/£25,200PA
Estimated refurb costs: max £8,000
Main Selling Points
Pedestrianised part of town centre.
Next door to Boots chemist.
Sitting tenant with no arrears.
12 month rent guarantee.
- 11.6% Rental Yield
- Expected Rental Income: £2 100PCM/£25 200PA
- Pedestrianised area of Newton Le Willows town centre
- Vendor 12 month rent guarantee