North House, 10-12 Eastbank Street, Southport, Merseyside

Available £1,000,000 Guide Price

  • Two substantial retail and restaurant/takeaway units arranged over ground and part first floors.
  • Freehold.
  • Residential peppercorn ground rents from upper floor parts - separate ownership by way of 125 year Long Leasehold.
  • Superdrug Stores PLC £30,000 per annum.
  • BJR Foods Ltd (trading as KFC) £74,000 per annum.
  • Rental income: £104,000 per annum exclusive of all other outgoings.
  • Over approximately 10,000 square feet of commercial floor area.
  • Established trading position close to Chapel Street.
  • Guide price: £1million plus VAT - Transfer of a Going Concern (TOGC) could apply

The property comprises of the Superdrug Pharmacy retail store and the KFC fast food restaurant, which are both arranged on ground and part first floors. The upper floors have been converted into residential accommodation and we understand are located on part first, second and third floors, however, these have been previously sold off on two separate 125-year long leasehold Titles at a peppercorn rental.

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