Summary - Lodge Tyre 2 - 6 Brasenose Road, Bootle, Liverpool, Merseyside, L20 8HG L20 8HG
1 bed 1 bath Commercial Property
**Standout Features:**
- Sizeable commercial property spanning approximately 6,594 square feet
- New 5-year lease starting May 2024 with a secure covenant from Lodge Tyre Company Ltd
- Gross annual rent of £38,000 and a net rental yield of 7.87%
- Easy access to major arterial routes and commercial units in the vicinity
- Industrial design incorporating a workshop, higher bay workspace, and office accommodations
- On-site parking space available for customer and company use
**Potential Concerns:**
- Asbestos-clad roof requiring attention may pose a renovation challenge
- Ground rent of £3,100 considered high
- Crime rates in the local area are very high, which may affect security perceptions
- Limited heating and maintenance may be needed for longer-term investment consideration
This impressive industrial unit at 2 - 6 Brasenose Road, Bootle, offers a golden opportunity for investors or business owners seeking a strategic location with ample space for operations. With a robust layout suited for high-volume use, including multiple service bays and an inviting reception area, this property is positioned for easy access to major routes leading to Liverpool's city center. The secure lease with Lodge Tyre Company Ltd adds financial stability, while the spacious premises allow flexibility for manufacturing or storage ventures.
However, potential investors should be mindful of the high maintenance needs—including the asbestos roofing—and elevated ground rent which could affect overall profitability. The lack of fencing may also raise security concerns in a high-crime area. This property presents an exciting investment prospect with a little foresight into required renovations, poised within a growing commercial community. Don’t miss the opportunity to seize this significant industrial space before it goes!
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