St James Street, Southport, PR8

For Sale by Private Treaty, 2 & 4 St James Street and 9 & 11/11A 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, has agreed to rent Number 2 for a period of 10 years (?6250 per annum) along with a renewal of the lease on Number 4 (?8700 per annum).

2 James Street

Corner Unit ( Two Windows) - 22'6 x 16'3 = 366 sq.ft.

4 St James Street

Double Frontage (Originally 2 Units)14'9 width x 15'9 depth13'3 width x 15'9 depth(439 sq.ft.)Rear Room 12'6 X 11'6 = 137 sq.ft.Store Area 12'2 x 5'8 = 69 sq.ft.Stairs to:Flat above Vacant - Comprising:Landing, Hallway to Outside Stairs, Lounge, Dining Room, Bathroom (at present is a Store Room)Kitchen and Bedroom.

NOTE

The tenant in Number 4, has agreed to rent Number 2 for a period of 10 years (?6250 per annum) along with a renewal of the lease on Number 4 (?8700 per annum).