£450,000
Bridge Grove, Southport, PR8
- 0 beds
£450,000
- 0 beds
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For Sale by Private Treaty, 2 & 4 St James Street and 9,9a & 11 Bridge Grove - Freehold Investment Opportunity.
What an opportunity of 4 retail shops (one let) and one 3 bedroom flat (11a) let on an AST at ?8100 per annum (last rent increase for the flat March 2023). The empty units being 2 St James Street and 9 &11 Bridge Grove comprised of one retail unit, one hot food takeaway and cafe. No. 11 requires complete refurbishment and offers the option to form a flat on the first and second floor.
Number 4 St James Street is let out comprising as retail unit to the Ground Floor and vacant flat above (requires modernisation). The tenant is at present negotiating with our client for a new lease for 10 years with reviews every third year. They have indicated that as they do not use the flat above they would consider handing this back to a new owner. Once all let and refurbished they will provide a good annual income.
The premises occupy a prominent corner position on the edge of Southport Town Centre.
NB: The tenant in Number 4 St James Street has agreed to rent Number 2 St James Street for a period of 10 years (?6250 per annum) along with a renewal of the lease on Number 4 (?8700 per annum).
9 Bridge Street
Vacant (Renovation Required, Double Unit)Frontage 18' x 31' depthFrontage 9'6 x 22'8 depthToilet 6'10 x 2'7 & Toilet 2 4'8 x 4'5 Kitchen Area 9'8 x 5'3 Stairs to First FloorFront Room 18'7 x 14'9 Door to Terrace giving access to additional accommodation over No. 11 Bridge StreetStairs to 2nd Floor 19'2 x 14'9 Rear Area
11 Bridge Street
Take Away - VacantFrontage 12'9 x 14'8 Width = 187 sq.ft.Kitchen 16'2 x 5'10 plus 4'7 x 4' plus 3'6 x 2'9 = 122 sq.ft.
11a Bridge Street
Flat ComprisingThree BedroomsKitchen/DinerLounge, Bathroom, WC.
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