Mixed Use Commercial and Residential Investment Producing £17,400 per annum
Description Comprising a two-storey mixed use property with tenanted ground floor retail unit, tenanted first floor apartment and outbuilding. Accommodation The ground floor comprises a retail unit currently operated as a salon, with front sales area and treatment room, rear kitchen, treatment, storage and shower room with w.c. The first floor comprises a two-bedroom apartment with large entrance hallway with access to the cellar, lounge / dining room, large kitchen and bathroom. Access is via a self-contained ground floor entrance. The apartment benefits from large rooms and an abundence of natural light. Externally the property benefits from a rear yard, large land plot to the front and side and an outbuilding / garage which is currently Let as storage. We have taken the measurements from the Energy Performance Certificates (EPC’s) as follows: Ground floor: 84 sq m (904 sq ft) First floor: 83 sq m (893 sq ft) Location The property is situated in a prominent corner position fronting Duke Street and Cemetery Road close to local independent retailers, shops and amenities. The centre of Southport is located just 1 mile from the property and approximately 2 miles from Royal Birkdale Golf Club. Tenancy Ground Floor – Let on a five-year lease from 27th August 2019 at £800 pcm / £9,600 per annum First Floor – Let on an AST for 36 months from 16th September 2020 for £600 pcm / £7,200 per annum Outbuildings – Let on an informal basis for £50 pcm / £600 per annum Total annum income - £17,400 per annum
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating E & E
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.