Immediate income with uplift potential via consented conversion and rent review.
Freehold high‑street unit generating £21,200 pa income now
Let to national pharmacy (Boots) on effectively FRI lease from 18/03/24
Planning consent to create upper‑floor additional dwelling (DC/2023/00741)
Substantial double‑fronted retail plus self‑contained first‑floor offices
Integrated fire system present; compliance with current regs unverified
Area is very deprived with above‑average recorded crime rates
Parts of ground floor blocked off; some upgrades and insulation likely
Auction sale — 10% deposit plus non‑refundable buyers’ fee applies
This freehold high‑street property offers immediate income and clear medium-term upside for an investor comfortable with an auction purchase. Ground floor retail is let to a national pharmacy on an effectively full repairing and insuring lease (from 18/03/24) producing £14,000 pa. Two further office lets produce £4,800 pa and £2,400 pa, giving a current combined rent of £21,200 pa.
The building is substantial (approx. 980 sqft / 147m2 retail plus 89m2 first‑floor offices) and benefits from planning consent to create an additional dwelling to the upper storey (Sefton Council DC/2023/00741). The double‑fronted shop has modern aluminium frontage, suspended ceilings, air‑conditioning and steel roller shutters; first floor accommodation is serviceable with gas central heating and upvc windows. There is an enclosed rear yard and unrestricted frontage parking.
Material considerations are straightforward: the property sits in a very deprived area with above‑average recorded crime and occupies a parade serving largely renting, hard‑pressed local workers. Parts of the ground floor are currently blocked off, and the integrated fire detection system’s compliance with current regulations is unverified. Some fabric elements (solid brick walls with assumed no insulation) and general upgrading may be required if repurposing or residential conversion is progressed.
Sale will be by public auction (29/10/2025) with binding contracts on fall of the gavel. Buyers must allow for the auction deposit (10% subject to minimum), a non‑refundable buyers’ fee and review the full legal pack and planning documents before bidding. This is a practical, value‑led opportunity for purchasers targeting income now with scope to increase rent or add residential value subject to planning.
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