1 And 1a Frederick Street, Widnes, Cheshire, WA8 6PF

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Sold for

£172,000

Additional Costs / Fees will apply

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Property Details

Location

Description

A retail / office investment opportunity comprising a two storey end of terrace building currently let to two separate tenants detailing an annual rent of £18,000. The ground floor accommodation benefits from a large display window with electrically operated roller shutter security screen.
To the rear are separate rooms, waiting area and kitchen/store-room with separate WC. The first floor is separately accessed from Milton Road and comprises a ground floor reception area with two office rooms, store area, small kitchen and W.C. to the first floor. The property benefits from a complete new roof and rainwater goods.

Location

The property is situated in a prominent location off Milton Road at its junction with Frederick Street and has excellent visibility from the ASDA food store and its car park which offers 3 hours free parking. Occupiers close by include Dave Pluck Racing. Widnes Retail Park is close by and accessed off Gerrard Street. It provides a Marks and Spencer department store, which linked with the other high street multiple names of Boots, River Island, New Look, etc which have significantly, transformed this part of the town centre. There is a direct access to the Retail Park within a short walk of the subject property.
The Widnes Road area of the town centre has seen a significant improvement in pedestrian activity.

Accommodation

Pugh & Co have not inspected the property internally and the information has been provided by the joint agent;

Ground Floor	78.0 SQ M (839 SQ FT)
First Floor	42.38 SQ M (456 SQ FT)

Tenancy

1 Frederick Street	5 year lease from 24.05.24 at £12,000 pa.
1a Frederick Street	3 year lease from 10.05.24 at £6,000 pa

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 15TH OCTOBER AND CLOSES ON WEDNESDAY 16TH OCTOBER.

3. Energy Performance Certificate: 1 = D and 1a = E.

4. The property is held on a 999 year (less 10 days) leasehold title dated 1 May 1872