College Street, St. Helens
£800,000

St Helens: 01744 24341

Key features

Full description

We are pleased to announce for sale this fantastic investment opportunity to purchase a freehold site which currently has six different commercial units all with tenants in place. The current yield is just over 8% based on the asking price but has potential for an increase in the future. The owner has advised the whole site is all on one deed which would make a purchase easier and is sold as seen. Viewing is highly recommended to appreciate the size and potential for the properties and can be arranged through our office or by calling 01744 24341.

Unit 1
Currently a garage and has been a tenanted since October 2013. Current rent is £14,959.92 per annum but with no lease in place.

Unit 2
Currently a garage and has been tenanted since 1989. Current rent is £8,581.08 per annum but with no lease in place.

Unit 3
Currently a flight loft and has been tenanted since July 2014. Current rent is £4,783.80 per annum but with no lease in place.

Unit 4
Currently a tyre garage and has been tenanted since May 2015. Current rent is £9,048 per annum but with no lease in place.

Unit 5
Currently a car wash and has been tenanted since July 2019. Current rent is £16,640 per annum on a four year lease.

Unit 6
Currently a garage and has been tenanted since February 2021. Current rent is £10,399.92 per annum with a five year lease.

General
The current income for the six units is £64,412.72 and the owner has advised that the current tenants who are not on lease agreements would be happy to sign new leases.