44-68 Brows Lane, 44-68 Brows Lane, Formby, Liverpool | Property for sale | Savills
Guide price £1,750,000(€2,079,098)

44-68 Brows Lane44-68 Brows Lane, Formby, Liverpool

  • Sole agency
  • Leasehold
Investment
Yield 12%Yield

Key features

  • High Yielding Retail Investment
  • Parade of 13 Units
  • Fully Let - Producing £212,500 per annum
  • WAULT of 4.82 Years to Expiry
  • Asset Management Potential
  • Established and Popular Location
  • Investment Let at £212,500 p.a. (12.14% GIY on Guide Price)

High Yielding Retail Investment Opportunity Forming a Parade of 13 Units Fully Let Producing a Combined £212,500 per annum with a WAULT of 4.82 Years to Expiry

About this property

  • The property comprises a high yielding fully let retail investment opportunity located in the heart of Formby. Arranged as a parade of 13 retail units, the property is fully let to 13 separate tenants, providing a diverse income stream totalling £212,500 per annum. The property has an attractive Weighted Average Unexpired Lease Term (WAULT) of 4.82 years to expiry and offers asset management via regearing of several leases and improvement of rents. We estimate the rental value of the asset to be in excess of £220,000 per annum. Formby is a popular and affluent town in north west England. The property enjoys a prominent position adjacent to Chapel Lane and enjoys both low vacancy rates and high footfall. Nearby occupiers include Waitrose, Iceland, Caffe Nero and Boots.