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25 July 2018 | Retail

Haydock convenience store with long term tenanted operator for sale

Specialist business property adviser, Christie & Co is pleased to bring to the market a Nisa-branded convenience store in the Haydock area of St. Helens, which is currently under a long-term lease to an existing retail operator.

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Occupying an end-of-terrace, two storey property, the business trades from the ground floor of the building and has been recently refitted, featuring a large rectangular trading area with well-proportioned ancillary areas. The retail space is currently leased to an independent multi-site operator on a 15 year fully repairing and insuring tenure, with five yearly rent reviews, based on an agreement signed in October 2017. 

Situated on the first floor of the property, and accessed via a separate entrance, are two self-contained apartments, comprising a one and two bedroom layout. The residences are currently let on monthly rolling assured shorthold tenancies with a six month notice period, providing additional rental income.

Situated in a prominent position in a sought-after suburb of Merseyside, the site is well located for local residents and to accommodate for the high footfall from nearby schools, sports clubs and neighbouring businesses.

James Moore-Martin, Associate Director at Christie & Co who is handling the sale comments, "This new instruction located within Haydock in Merseyside is a fantastic value rental investment opportunity. It is ideal for either a first time investor looking to build a commercial rental portfolio, or as a strong addition to an already established portfolio."

The Nisa – Haydock offers a Net Initial Yield of 7.22% (allowing for purchaser’s costs of 3.30%) and is on the market through Christie & Co on a long-term leasehold basis at an asking price of £300,000.