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2-4 St. James St 1,011 sq ft 100% Let Retail Property Southport PR8 5AE £450,000 (£445.10/sq ft)
INVESTMENT HIGHLIGHTS
- prominent corner position
- Mixed Use
- Located on the edge of Southport Town Centre
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,011 sq ft
Costar Property Class
C
Year Built
1974
Price
£450,000
Price per sq ft
£445.10
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Parking
4 Spaces (3.96 Spaces per 1,000 sq ft Leased)
Frontage
43 ft on St James Street
AMENITIES
- Corner Lot
- Security System
- Signage
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NEARBY MAJOR RETAILERS
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2-4 St. James St
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