199-201 Lord Street, Southport, Merseyside

Available £325,000 Guide Price

  • Self-contained and substantial ground floor former restaurant, extending to approximately 2,430 sqft NIA, available let at £18,000 per annum.
  • Upper floors comprising of four self-contained part let flats currently producing approximately £13,920 per annum.
  • Flat 2 and 4 are currently vacant and undergoing refurbishment, ready to market To Let.
  • Prominent Lord Street location.
  • Sold subject to and with the benefit of residential tenants, wholly unaffected by the sale.
  • Ground floor and Upper Floors are on a separate title.

A four-storey mixed use property to Southport Town Centre, with retail/restaurant to the ground floor and four self-contained part let flats to the upper floors, via a separate access.

To the ground floor and part basement, this provides a former restaurant unit, with glazed frontage to Lord Street.

The internal specification includes suspended ceiling to the primary ground floor open plan area together with a mezzanine seating area and WC facilities to the rear, below which are further seating and commercial kitchen areas to the lower ground floor/basement, with rear access.

The first second and third floors provides four self-contained flats accessed via a separate private entrance. The flats are partly let and currently generate a combined rental income of £13,920 per annum, with Flat 1 producing £550 pcm and Flat 3 achieving £600 pcm. Flats 2 and 4 are currently vacant and undergoing refurbishment ready to
remarket, providing scope for further income generation.

Similar Properties