SUTTON Kersh is marketing for sale the freehold of a retail property in Bold Street, Liverpool city centre.
The Art Deco-style three-storey building, at 65-67, Bold Street, is fully occupied by Leaf Tea Cafe on a 15-year lease. With five-yearly upward rent reviews only, the building has good potential for rental growth.
The property already has planning consent for use as a restaurant, cafe or drinking establishment and has music/events areas on the second floor and basement.
Currently generating a 7% yield per annum, rising to 9.5% in year three, the freehold of the building is valued in the region of £895,000. Sutton Kersh director Jonathan Owen said: “The building is positioned within a well-established trading area.”
