Block of Apartments

Pegittys Buildings, 10 High Street, Runcorn, WA71AU

Size: 292 sqm

Purchase price

£520,000

Size: 292 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £83,400
Net income £68,616
Gross yield 16.04%
Net yield 13.20%

Yieldit are pleased to present this unique and outstanding investment in a prime position on Runcorn High Street. Generating a fantastic 11.28% NET this is an opportunity not to be missed. The extremely lucrative freehold property contains two retail units which are each tenanted on long leases and a short term accommodation guest house with 12 bedrooms, 10 of which are ensuite and two which share a bathroom. There is also a shared kitchen, dining area, living room and laundry room.

The guesthouse has been established for over 20 years and is very popular in the area thanks to its friendly atmosphere, cleanliness and competitive rates. It’s well positioned close to several food and drink establishments and is popular for contractors working locally boasting fantastic occupancy rates. The retail premises are also ideally positioned to be in high demand in a prominent location on the high street.

Runcorn is situated in the southeast of the Liverpool City Region, with Liverpool 11 miles to the northwest across the River Mersey. The town has excellent transport links being surrounded by the motorway network and it is served by two railway stations providing services between Liverpool Lime Street, London Euston, Birmingham, Warrington, Manchester, Chester and North Wales.

It’s a fantastic time to invest in Runcorn as it’s undergoing an exciting period of investment, in 2019 the town received a 25million cash injection to encourage economic growth, focus on regeneration, improve transport infrastructure, skills and culture. In addition to this in 2021 £23.6m was allocated for the ‘Reconnecting Runcorn’ project to make the town “a prime location” by revitalising the town centre, improve the lives of locals and boost the local economy which will encourage growth and drive the demand for rental property. Now is an excellent time to invest in property in Runcorn so don’t miss out and enquire today.

OUSTANDING INVESTMENT OPPORTUNITY - RETURN IN THE REGION OF 13% NET! Freehold 12 bedroom guesthouse and two commercial premises, in great location in Runcorn.

Interested in this property? Enquire today for more information

Key features

Key features

Unmissable investment opportunity

Key features

Return in the region of 13% NET

Key features

Freehold mixed use property

Key features

Short term serviced accommodation guesthouse

Key features

Twelve bedrooms

Key features

Eleven bathrooms

Key features

Two commercial premises

Key features

Excellent location

Key features

Freehold

OUSTANDING INVESTMENT OPPORTUNITY - RETURN IN THE REGION OF 13% NET! Freehold 12 bedroom guesthouse and two commercial premises, in great location in Runcorn. More info...

Yieldit are pleased to present this unique and outstanding investment in a prime position on Runcorn High Street. Generating a fantastic 11.28% NET this is an opportunity not to be missed. The extremely lucrative freehold property contains two retail units which are each tenanted on long leases and a short term accommodation guest house with 12 bedrooms, 10 of which are ensuite and two which share a bathroom. There is also a shared kitchen, dining area, living room and laundry room.

The guesthouse has been established for over 20 years and is very popular in the area thanks to its friendly atmosphere, cleanliness and competitive rates. It’s well positioned close to several food and drink establishments and is popular for contractors working locally boasting fantastic occupancy rates. The retail premises are also ideally positioned to be in high demand in a prominent location on the high street.

Runcorn is situated in the southeast of the Liverpool City Region, with Liverpool 11 miles to the northwest across the River Mersey. The town has excellent transport links being surrounded by the motorway network and it is served by two railway stations providing services between Liverpool Lime Street, London Euston, Birmingham, Warrington, Manchester, Chester and North Wales.

It’s a fantastic time to invest in Runcorn as it’s undergoing an exciting period of investment, in 2019 the town received a 25million cash injection to encourage economic growth, focus on regeneration, improve transport infrastructure, skills and culture. In addition to this in 2021 £23.6m was allocated for the ‘Reconnecting Runcorn’ project to make the town “a prime location” by revitalising the town centre, improve the lives of locals and boost the local economy which will encourage growth and drive the demand for rental property. Now is an excellent time to invest in property in Runcorn so don’t miss out and enquire today.

  • Key features
    Tick Desktop Unmissable investment opportunity
    Tick Desktop Return in the region of 13% NET
    Tick Desktop Freehold mixed use property
    Tick Desktop Short term serviced accommodation guesthouse
    Tick Desktop Twelve bedrooms
    Tick Desktop Eleven bathrooms
    Tick Desktop Two commercial premises
    Tick Desktop Excellent location
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £83,400
Net income £68,616
Gross yield 16.04%
Net yield 13.20%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.