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Tel: 0161 437 1338
198 Finney Lane
Heald Green
Cheadle
SK8 3QA
St James Street, Southport
Offers Over £450,000
Investments Commercial
- Four Retail Units
- 1 Flat Let plus 1 Shop
- Refurbishment to Number 11 required
- Great Potential
- Freehold
- Take a closer look
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" depth
13'3" 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).
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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