60 & 60A Grange Road West, Birkenhead, CH41 4DB

Description

This is a mixed-use unit made up of a ground floor shop (currently barbers) and two-bedroom maisonette. The property is offered as a ready-made investment, with the current total rental income at circa £1050pcm. The shop lease is due for renewal and therefore the rent could be increased in line with the market rate.

Accommodation

Commercial: shop area, large storage room at rear, WC Flat: Courtyard garden, living room, eat-in kitchen, two double bedrooms, loft

Location

Located on Grange Road West in a prominent position, the property is on a major arterial route through Birkenhead. A wide range of shops, cafés and services are nearby, with Pyramids Shopping Centre and Birkenhead Central railway station both within easy reach. Excellent road links via the M53 and Mersey Tunnels provide convenient access to Liverpool, making the location well suited to both commercial and residential occupiers.

Auction Information

Tenure

Freehold. The legal pack is the definitive source for lease length, title, covenants, service charges, ground rent and special conditions.

Council Tax

Band A.

Investment Analysis

Market Comparables

Use recent Land Registry sold evidence and genuinely comparable current/let rental evidence for the same micro-location, accommodation, tenure and condition. Venmore’s stated rents or rental opinions are retained as auctioneer evidence where supplied; HB screening figures are not a formal valuation.

Proposed Works

HB desktop allowance: £9,000. Scope should be confirmed from inspection, photographs, survey and contractor pricing. Prioritise structure, roof/damp, services, heating/electrics, windows, kitchens/bathrooms, decoration and external works only where relevant to this specific property.

Rental Value

Low / Base / High Investment Scenario

Specialist Commercial Analysis

Verify occupational leases, passing rents, rent-review provisions, repairing obligations, VAT status, business rates, service costs and covenant strength. Mixed-use assets should be valued by component and income where appropriate.

Maximum Bid Indicator

Base the maximum bid on verified commercial/residential income and capital value, less buyer fee, works, legal/professional, finance, holding, contingency and required return. SDLT treatment may differ for mixed-use/non-residential purchases and is buyer-specific.

Strategy Recommendation

Income hold or refurbishment/re-letting, with redevelopment only where planning and title support it.

Strategy Rating

Income Hold: ★★★★☆ | Value-Add: ★★★★☆ | Development: ★★★☆☆

Key Risks

Listed-building constraints, legal-pack special conditions, condition/survey, finance and valuation risk.

Analysis Confidence

Medium for facts reproduced from Venmore’s particulars; low-to-medium for HB desktop works/value screens until inspection, legal-pack review, direct sold/rental comparables and contractor/QS pricing are completed.