321-325 Lord Street Southport Merseyside PR9 1NH

321-325 Lord Street
Southport
Merseyside
PR9 1NH

Freehold Retail Investment

Prominent position within heart of town centre on busy retailing thoroughfare
Located next to the historic Wayfarers Shopping Arcade
Future development potential (subject to consents)
Nearby occupiers include HSBC, Next, Barclays Bank and Pizza Express
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
38
Auction
12th February 2015
Rent
£115,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Prominent position within heart of town centre on busy retailing thoroughfare
Located next to the historic Wayfarers Shopping Arcade
Future development potential (subject to consents)
Nearby occupiers include HSBC, Next, Barclays Bank and Pizza Express
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 38
Auction 12th February 2015
Rent £115,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 16 miles north of Liverpool 19 miles south-west of Preston
Roads: A565, A570, M58
Rail: Southport
Air: Manchester Airport, Liverpool John Lennon Airport

Situation

The property is situated in the centre of the busy Lord Street opposite the historic town hall, within the heart of Southport town centre, an affluent and popular seaside tourist destination. The historic Wayfarers Shopping Arcade lies 10 metres away with other nearby occupiers including HSBC, Next, Barclays Bank and Pizza Express.

Tenure

Freehold.

Location

Miles: 16 miles north of Liverpool 19 miles south-west of Preston
Roads: A565, A570, M58
Rail: Southport
Air: Manchester Airport, Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises two ground floor retail units with ancillary accommodation on the first floor. In addition there is a self-contained unit on the second floor accessed from the rear which benefits from future development potential (subject to consents).

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

No.	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reviews/(Reversion)
321	Ground First	Retail Ancillary	68.10 sq m 42.70 sq m	(733 sq ft) (460 sq ft)	SALLY SALON SERVICES LIMITED (2)	15 years from 22/12/2003	£60,000	(21/12/2018)
325	Ground First	Retail Ancillary	75.10 sq m 67.00 sq m	(808 sq ft) (721 sq ft)	HEALTH & DIET CENTRES LIMITED (1) (T/A GNC)	17 years from 26/02/2007	£55,000	26/02/2017 (25/02/2024)
323	Second	Vacant	194.60 sq m	(2,095 sq ft)	VACANT POSSESSION
Totals			447.50 sq m	(4,817 sq ft)			£115,000

(1) For the year ending 30th September 2013, Health & Diet Centres Limited reported a turnover of £20,286,000, pre-tax profits of £88,000 and a total net worth of £23,144,000. (Source: www.riskdisk.com 12/01/2014)
(2)For the year ending 30th September 2013, Sally Salon Services Limited reported a turnover of £133,270,000, pre-tax profits of £1,400,000 and a total net worth of £23,421,000. (Source: www.riskdisk.com 12/01/2014)