Size: 2,965 Sq Ft (275.45 Sq M)
For Sale
Property Details
For Sale: £275,000 Offers In The Region Of
Key Features
Freehold mixed-use investment opportunity
Ground floor shop and 3 x self-contained residential apartments
Accommodation arranged over 3 floors, plus basement
Located approximately 500 metres from Southport Town Centre
Walking distance of Southport Train Station
Popular mixed-use location
Apartments currently vacant (require some cosmetic upgrades)
1 x 2 bed and 2 x 1 bed residential apartments Ground floor apartment has small yard/garden area
Shop let, producing £400 pcm (ERV £600 pcm) Parking at the rear for 2 vehicles
Potential gross income of approximately £28,000 per annum, when fully let at Market Rents Offers in the Region of £275,000
Description
The property comprises a substantial, pavement fronted, traditionally constructed part two storey/part three storey semi-detached property, set beneath a pitched and tiled roof covering.
The property has been substantially extended upon the rear via a three storey out-rigger, with rendered elevations, also beneath a pitched and tiled roof covering.
The accommodation within provides for both commercial and residential uses. At ground floor level, there is a self-contained retail unit, presently occupied and operating as an established sun-bed shop. The shop is presented to an excellent standard throughout, having been recently refurbished by the Tenant and benefits from a 3-phase power supply.
The remainder of the accommodation consists of 3 x self-contained 1 and 2 bed residential apartments. These are arranged over ground, first and second floors and include 1 x 2 bed and 2 x 1 bed apartments. Each apartment is fully self-contained and have their own kitchen and bathroom facilities and each are separately metered for utilities purposes. There is gas central heating to the first and second floor apartments, with the ground floor apartment having electric heating.
Some cosmetic upgrade works are required to the apartment accommodation.
The property has upvc double glazed windows and door openings throughout.
To the rear of the property, there is an enclosed yard to the ground floor apartment, as well as parking for 2 vehicles, which is accessed from Yellow House Lane.
Location
Southport is a popular seaside town in the Metropolitan Borough of Sefton in Merseyside, approximately 17 miles north of Liverpool and 15 miles south-west of Preston. One of the most popular seaside resorts in the UK, Southport hosts various events, including an annual air-show, the largest independent flower show in the UK and the British Musical Firework Championship, as well as previously hosting the Open Championship at Royal Birkdale.
The property itself is located prominently fronting Eastbank Street, close to its junction with Yellow House Lane, less than 500 metres south-east of the town centre and a short walking distance from Southport Train Station.
Nearby occupiers include Kwik-Fit, The Job Centre, Tesco Express and a huge variety of independent retailers.