165 Lord Street Southport Merseyside PR8 1PF

165 Lord Street
Southport
Merseyside
PR8 1PF

Virtual Freehold Retail Investment

Let to individual tenant (Westminster Tea Rooms) until 2019
Nearby occupiers include Coral, Bon Marché and Alliance and Leicester, Argos, Greenwoods
Active management potential
Residential development potential of upper parts
Six week completion

Lot
39
Auction
11th July 2013
Rent
£40,200 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Virtual Freehold Retail Investment

Let to individual tenant (Westminster Tea Rooms) until 2019
Nearby occupiers include Coral, Bon Marché and Alliance and Leicester, Argos, Greenwoods
Active management potential
Residential development potential of upper parts
Six week completion

Lot 39
Auction 11th July 2013
Rent £40,200 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 16 miles north of Liverpool, 19 miles south-west of Preston, 1.4 miles south-west of Southport Golf Links
Roads: A565, A570 M58
Rail: Southport
Air: Manchester Airport, Liverpool John Lennon Airport

Situation

Southport is an affluent and a popular seaside tourist destination. The property is situated on the main retail street in the heart of the town centre.

Tenure

Virtual Freehold. Held on a new lease for a term of 999 years from completion of the sale at a peppercorn rent.

Location

Miles: 16 miles north of Liverpool, 19 miles south-west of Preston, 1.4 miles south-west of Southport Golf Links
Roads: A565, A570 M58
Rail: Southport
Air: Manchester Airport, Liverpool John Lennon Airport

Situation

Southport is an affluent and a popular seaside tourist destination. The property is situated on the main retail street in the heart of the town centre.

Tenure

Virtual Freehold. Held on a new lease for a term of 999 years from completion of the sale at a peppercorn rent.

Description

The property is an attractive period building comprising ground floor
retail accommodation and two upper floors of self-contained accommodation which is accessed separately from Hume Street.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property is an attractive period building comprising ground floor
retail accommodation and two upper floors of self-contained accommodation which is accessed separately from Hume Street.

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Tea Room	125.69 sq m	(1,353 sq ft)	BLUNDELL AND BLUNDELL (t/a Westminster Tea Rooms)	15 years from 2004 on a full repairing and insuring lease	£40,200	29/09/2014
Totals		125.69 sq m	(1,353 sq ft)			£40,200