Property Information
Address:
203-205 Lord Street, Southport
, PR8 1PF
Price: Property no longer available.
Size: 1030 sq ft95 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH483709
Property Ref/Agent: Ref:538
*Please use the agent ref when calling the agent directly.
Property description
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Location
The property is located on Lord Street in the heart of Southport Town Centre.
Southport is a popular residential
and regional retail location.
Surrounding occupiers include cafes, opticians, travel agents and coffee shops.
Description
A mid-terrace attractive Grade II property.
There is an established ground floor retailer and a newly developed residential scheme above.
The ground floor is tenanted producing 30,000 p.a. increasing to 34,500 p.a. in November 2017.
It is held by way of a 10 year lease and let to an established independent
retailer from November 2012.
The tenant has an option to break on the 5th anniversary of the lease subject to 6 months prior written notice.
The upper floors have
just been fully redeveloped providing
2 x studios, 2 x 1 bedroom apartments and 1 x large penthouse.
Each apartment benefits from new bathrooms or shower rooms, kitchens and heating systems.
The apartments have secure intercom access with independent entry from Hulme Street.
The upper floor apartments have an estimated rental value of 24,000 p.a.
Accommodation
The commercial accommodation has been measured on a net internal basis and comprises:
Floor
Size(sq ft)
Size(sq m)
Ground Floor Zone A
315 sq ft
29.28 sq m
Ground Floor Zone B
279 sq ft
25.87 sq m
Remaining Retail Zone
436 sq ft
40.53 sq m
Total
1,030 sq ft
95.68 sq m
;