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Tel: 0161 437 1338
198 Finney Lane
Heald Green
Cheadle
SK8 3QA
Bridge Grove, Southport
Offers Over £450,000
Investment
- 4 Retail Units
- 1 Flat let Plus 1 Shop
- Refurbishment to No. 11 Required
- Great Potential
- Freehold
- Take a closer look!
- 11a Council Tax Band A - Sefton Council
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' depth
Frontage 9'6" x 22'8" depth
Toilet 6'10" x 2'7" & Toilet 2 4'8" x 4'5"
Kitchen Area 9'8" x 5'3"
Stairs to First Floor
Front Room 18'7" x 14'9"
Door to Terrace giving access to additional accommodation over No. 11 Bridge Street
Stairs to 2nd Floor 19'2" x 14'9"
Rear Area
11 Bridge Street
Take Away - Vacant
Frontage 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 Comprising
Three Bedrooms
Kitchen/Diner
Lounge, Bathroom, WC.
Energy Efficiency and Environmental Impact
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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