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347–349 Lord Street, Southport, PR8 1NH

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347–349 Lord Street, Southport, PR8 1NH Town Centre Retail Investment 347–349 Lord Street, Southport, PR8 1NH Executive Summary – Well located retail unit. – Neighbouring occupiers include Café Nero and Waterstones. – Let to Wargames Ltd by way of a 5 year lease from 4 November 2015. – Rent passing of £13,500 per annum. – Freehold – Offers are sought in excess of £225,000 (Two Hundred and Twenty Five Thousand Pounds), subject to contract and exclusive of VAT. A68 Hartlepool Bishop Auckland A689 A167 A1(M) A19 A688 A68 Middlesborough Stockton-on-TA167 ees A66 Darlington A67 A66 A66 A66(M) A172 A19 Richmond A1 Northallerton A19 A1(M) A6Th1 irsk A168 Ripon A61 A1(M) Bridlington A64 Location Situation A59 Driffield Harrogate A166 A61 York A658 A614 A65 Southport is an affluent seaside town It is served by the A565, which runs south The property is situated in a strong retail retailers including Debenhams, Next, and A1079 in the Metropolitan Borough of Sefton, to Liverpool and, via the A59, north to location on Lord Street, close to its Jaeger along Lord Street, with nearbyA64 Merseyside. The town is at the centre of Preston. In addition, SouthportClitheroe Railway junction with Nevill Street and diagonally retailersA660 including Café Nero, Waterstones, A1035 A61 A1079 Leeds A19 14 Colne A650 A58 England’s Golf Cost has hosted the Open Station provides direct trains to Liverpool, opposite London Square, which is homeA658 toBradford HSBC, Beales, RBS and 44Barclays. 13 Shipley Airport A587 Beverley A64 45 Championship of the Royal Birkdale Golf Wigan and Manchester,A59 all of which 12 NelsonSouthport’s War Memorial. Aldbrough Leeds A614 Club of numerous occasions.A583 M55 32provide onward services directA671 to London 3 Barnoldswick 47 1 11 4 with a journeyA59 time of approximately10 Lord Street itself is an attractiveBradfor boulevardd 46 A165 A6 M6 9 A610 M62 Blackpool A583 A666 M65 8 Burnley Selby Cottingham 45 A63 A1(M) A63 38 It is located approximately 15 miles south 2 hours.31 7 which runs the length of the town and A164 Preston A603 M621 44 A63 A584 6 A63 west of Preston and 17 miles north west A646 benefits from street parking andM606 numerous Hull Blackburn 37 Heddon 30 26 28 A58 29 A19 of Liverpool. The town has a resident Both Manchester International5 Airport and bus stops. ThereA646 are a host of national 30 Brough A59 29 Halifax 29 3 4 32a 1 31 population of 91,703 persons (2011 Liverpool John Lennon Airport are within a M62 32 36 M1 Goole Leyland 28 M65 A681 25 33 34 M62 35 Census). 1 hour drive. A56 Wakefield A644 8 24 23 Chorley M62 Huddersfield A628 A1 Southport M6 A58 A666 1 A642 6 Ramsbottom M66 A629 A56 Rochdale 38 21 A58 5 27 Bury 2 1 Scunthorpe 5 20 M181 M180 Bolton 3 M1 38 Ormskirk 6 A58 19 A1(M) 2 Grimsby 3 5 Barnsley M58 37 M180 4 4 M61 37 3 4 Wigan 19 A635 5 26 3 17 20 Oldham 16 Atherton 1 21 15 A56 22 Doncaster 1 A695 14 A627 25 36 A616 36 A633 7 M6 M602 12 Salford 24 1 2 A6010 A628 3 23 A6018 6 M57 A580 A580 A580 11 A630 23 4 10 A635 35 M18 St Helens M62 24 3 A629 Bootle 3 Manchester M67 22 Glossop 2 11 A34 A6 A57 25 Rotherham 10 6 M1 34 A5058 M62 21A 26 27 A631 1 9 5 Didsbury 5 A56 6 7 A553 1 Altrincham 4 2 Stockport 33 32 2 21 3 2 1 3 Liverpool M60 Birkenhead Warrington Sheffield 32 A60 A5300 A557 4 3 Hale A57 M56 5 A6 Liverpool 31 A56 20 8 6 A41 John Lennon Widnes 7 Prestatyn River Airport 9 Peak District A57A57 M53 4 Llandudno Mersey Manchester A6102 10 Airport A557 A533 11 A61 Rhyl A540 A523 M6 A34 12 19 5 6 7 Rhuddlan 347 – 349 Lord Street,8 A533 A623 30 9 A619 Holywell A556 A537 Southport, PR8 1NHEllesmere Port A537 10 14 Northwich Buxton St. Asaph 11 A49 Macclesfield A61 15 A537 Flint A6 M1 A60 A41 Chesterfield A5117 A556 A54 A34 A617 12 A533 18 A494 A51 A54 Chester A49 A513 A523 A53 Congleton A55 17 Ruthin A50 A41 A51 A34 A530 A534 M6 Crewe A527 A534 A534 A53 Nantwich 16 A500 A500 Wrexham A41 A49 A520 A51 A34 Stoke-on-trent A525 15 A50 A51 A34 A520 A53 A519 Stone A5013 A518 A51 A34 A41 A519 Staffor14 d A518 B5405 Description Accommodation Tenancy The property comprises a retail unit We have measured the property in The property is let by way of a constructed over ground and two upper accordance with the RICS Code of 5 year lease form 4 November 2015 floors. The ground floor comprises the Measuring Practice (6th Edition) and to Wargames Ltd, and subject to a prime retail accommodation and is can confirm that the property has the guarantee from Martin McNeil. currently open plan with a prominent following approximate Net Internal Areas: staircase providing access to the first The current rent passing is £8,500 per floor retail space. In addition, there is Floor Area Sq ft Sq m annum and this is subject to stepped ancillary storage and toilet facilities to Basement increases on the following basis: the first floor whilst the second floor Storage-low height 2,143 199.12 provides further accommodation 3 November 2016 - £13,500 pa which is currently used as storage. Ground 3 November 2017 - £20,000 pa Sales Area 2,139 198.73 3 November 2018 - £25,000 pa (ITZA) (741) (68.81) There is a substantial basement which 3 November 2019 - £30,000 pa runs the length of the property, albeit First Sales Area 1,369 127.14 the majority is at a slightly reduced The tenant has an option to break on head height. Second 3 May 2017 and 3 November 2018 on Ancillary 696 127.14 3 months notice. The lease is also To the rear of the property is a fire Total* 4,204 390.50 subject to a schedule of condition. escape into a small yard area. * Excludes basement For the purpose of this sale, the vendor We understand that the property is will top up the rent to £13,500 per annum Grade II listed. until the next review. 347 – 349 Lord Street, Southport, PR8 1NH Tenure, VAT and EPC Proposal Tenure Offers are sought in excess of£225,000 (Two Freehold. Hundred and Twenty Five Thousand Pounds), VAT subject to contract and exclusive of VAT. VAT will be payable on the purchase price and it is anticipated that the sale will be dealt with by way of a transfer of going concern (TOGC). EPC Further Information A full copy of the EPC report is available For further information please contact: upon request. Martin Hamer 0161 833 9991 07792 00 44 67 [email protected] MISREP: The accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained here in is not guaranteed and is for general guidance only and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy. Edwards & Co nor any of its employees or representatives has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property. Rents ad prices quoted in these particulars may be subject to VAT in addition. The reference to any mechanical or electrical equipment or other facilities at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable or fulfilling its intended function. Prospective tenants/ purchasers should satisfy themselves as to the fitness of such equipment for their requirements. Designed by Studio eNaR – studioenar.co.uk.
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