Income-producing building with garden and redevelopment potential in affluent setting.
Freehold multi-let office building producing £40,320 pa gross income
A freehold, multi-let office building in affluent Formby currently producing a gross income of £40,320 per annum. The property comprises ground-floor suites and a fully demised first-floor office, each with secure keypad entry and communal amenities, offering immediate rental income or the option for change of use.
The site includes eight off-street parking spaces and a private rear lawned garden — a rare amenity for town-centre offices and useful for staff wellbeing or amenity-led conversion schemes. The building is protected by an intruder alarm and benefits from a modern gas boiler for central heating.
Tenants occupy the building on flexible licence agreements; this provides management flexibility but also means the income stream is short-term and tenant retention cannot be assumed. Vacant possession may be achievable subject to negotiation, making the property suitable for owner occupation, consolidation, or redevelopment/conversion (planning and consents would need confirming).
Practical points for buyers: the property is not elected for VAT. Total internal area is approx. 1,622 sq ft; tenure details should be confirmed in due diligence. This is a characterful mid-20th-century commercial asset in a very affluent area, offering sensible income now and scope for value-add repositioning.
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