23rd November 2020
Art deco building offers high-yield investment opportunity
A distinctive art deco building in Liverpool offers a high-yield commercial investment opportunity when it goes under the hammer in SDL Auctions’ National Property Auction this month.
69 Ormskirk Road in Aintree comprises three self-contained units, all of which are let and producing a combined annual rental income of £79,916.
The largest unit, with a floor area of 13,045 square feet is currently let at £14,064 per year to Gable Scaffolding for light industrial and ancillary office usage.
A showroom with trade counter and office, with a combined floor area of 6,193 square feet is let to Omega Plastics at £54,152 per annum. Both of these leases expire in January 2021.
The third unit is a top-floor flat, with a floor area of 1,439 square feet and occupied by Meridian Massage on an open-ended lease with a three-month notice period and a rent review every two years. The tenant currently pays £11,700 per year and has expressed a desire to remain.
Head of auctions north west Andy Thompson said: “This is an excellent freehold investment opportunity in a great commercial area with some really high-profile neighbours. It’s a great-looking building which has the potential to be a really high-yield investment, with scope to increase the annual rental income to around £100,000. We expect it to attract the attention of owner-occupiers, investors and developers.”
The property, which is offered in partnership with Aubrey Lee, is located in a well-established and popular industrial location close on the A59 and facing Aintree Shopping Park, with neighbours including Wickes, Howdens, Wren Kitchens and B&Q. It is well located for the M57 and M58 motorways and just a 20-minute drive from Liverpool city centre.
69 Ormskirk Road in Aintree, which has a *guide price of £600,000+, is due to be sold by SDL Auctions, the UK’s most successful live-streamed auctioneer, on Thursday 26th November. The auction will be live-streamed from its head office auctions studio and potential buyers can bid on the internet, by proxy or by speaking to a member of the team on the phone. Each method is socially distant and easy to use.
For more information, call the team on 0161 774 7333 or register to bid by clicking here.