Gym & Cafe, Liverpool

Property Description

• Long Leasehold Mixed Investment.
• Newly converted 15 storey building with 180 new apartment.

Location Description

• Liverpool is a maritime city in northwest England and has a population of over 893,000.
• Located on a busy high street under a newly converted 15 storey building  Owners/tenants will occupy units from March 19.
• The two units are within a short distance to Moorfield Station, nearby occupiers including Travelodge, Costa, and several office buildings.

Tenancy

• 1^st lower ground floor unit entirely let to ABS Town Limited on a 15 year FR&I lease from June 2018 (subject to Break in 2028) at a passing rent of £16,000 p.a. with fixed uplifts to £18k in June 2023 and £19k in June 2025.
• Absolute Body solutions trades from 2 other location including Manchester and South Liverpool.
• 2^nd  lower ground floor unit will be granted a new 15 Years lease from 2019 to a new coffee business at a passing rent of £16,000 p.a.
• total rental income on both units is £32,000.