Sold STC

London Street, Southport

£250,000
  • Ref: 11560951
  • Type: Retail
  • Availability: Sold STC
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Property Summary

** INVESTMENT OPPORTUNITY ** We are delighted to offer for sale this investment opportunity which comprises of three commercial properties located in one of the main shopping areas of Southport. Two of the properties are in London Street which is located off Lord Street and the third (adjoining property at the rear) is in Hoghton Place which located off Hoghton Street. Combined current rental income of £20,600 per annum.



The properties are:-

- 31 London Street - Ground Floor Shop with First Floor Studio, Office & Storage premises. Net Internal Area 96.3sqm. The property is currently tenanted at an average rental of £6,000 per annum over the 5 year term. The current rent is £8,000 per annum. The Lease is dated 9th April 2019 and is for a term of five years which expires on 8th April 2024.



- 31A London Street - Ground Floor Retail with Storage. Net Internal Area 97.7sqm. The property is currently tenanted at a rental of £8,400 per annum. The Lease is dated 1st October 2020 and is for a term of five years which expires on 30th September 2025. There is a rent review due on 1st October 2023.



- 1 Hoghton Place - Ground & First Floor Licensed Premises. Net Internal Area 77.7sqm. The property is currently tenanted at a rental of £4,200 per annum. The Lease is dated 5th June 2020 and is for a term of 10 years. There is a rent review due on  4th June 2023 and every third anniversary of the commencement of the lease.



Viewing access is strictly by appointment through this office on 0151 527 2700.