Summary - 258, GRANGE ROAD CH41 6EB
1 bed 1 bath Retail Property (high street)
Freehold income asset with strong yield and short-term redevelopment potential.
Freehold retail building with 2,088 sq ft overall
Let to Luxury Leisure until August 2031 (6 years remaining)
Attractive net initial yield of 10.13% at guide price
Six-year lease remaining may deter mortgage lenders
Located on busy Grange Road near major retailers and transport
Area classified as very deprived with very high crime levels
Upper floors offer development/refurbishment potential, subject to consents
Fast broadband and excellent mobile signal, no flood risk
A secure freehold retail investment on Grange Road offering an attractive net initial yield of 10.13% and immediate income from a tenant. The property is let to Luxury Leisure Limited on a lease starting August 2021 and running to August 2031, providing predictable cash flow until that date.
The building provides a large ground-floor retail unit with self-contained ancillary accommodation on the first and second floors (total 2,088 sq ft). Constructed in brick with mixed pitched and flat roofs, the upper floors offer development or refurbishment potential subject to consents.
Be candid about the lease term and local context: only six years remain on the current lease, which is likely to restrict mortgage lending and may limit buyer pools. The location is central and busy, but the immediate area is classified as very deprived and records very high crime levels—factors that investors must weigh against the strong headline yield.
Practical positives include freehold title, fast broadband, excellent mobile signal and good road links to the M53 and Liverpool. The plot is small and upper-floor conversion would require investment; this is an opportunity for a buyer who can accept short lease security today and plan for reversion or asset improvement.
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