3 Chapel Street Southport Merseyside PR8 1AE

3 Chapel Street
Southport
Merseyside
PR8 1AE

Freehold Retail Investment with Residential Potential

  • Retail let to Pandora Jewellery UK Limited on a 10 year lease from August 2016 (subject to option)
  • Application submitted to convert upper floors to two residential flats
  • Prime Pedestrianised Town Centre Location
  • Adjacent to Primark and close to Marks & Spencer, WH Smith, Boots the Chemist, H&M and New Look
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    64
  • Auction
    30th March 2017
  • Rent
    £37,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £495,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment with Residential Potential

  • Retail let to Pandora Jewellery UK Limited on a 10 year lease from August 2016 (subject to option)
  • Application submitted to convert upper floors to two residential flats
  • Prime Pedestrianised Town Centre Location
  • Adjacent to Primark and close to Marks & Spencer, WH Smith, Boots the Chemist, H&M and New Look
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 64
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £495,000
  • Sector
    High Street Retail
  • Auction Venue
    The 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, M6, M58
Rail
Southport Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation

The property is situated on the north side of pedestrianised Chapel Street in the heart of the town centre. Marble Place Shopping Centre is directly opposite, with nearby occupiers including Primark adjacent to the property, Marks & Spencer, WH Smith, Boots the Chemist, H&M and New Look. Southport Railway Station is situated some 160 metres to the east.

Tenure

Freehold.

Location
Miles
16 miles north of Liverpool, 19 miles south-west of Preston
Roads
A565, A570, M6, M58
Rail
Southport Railway Station
Air
Manchester Airport, Liverpool John Lennon Airport
Situation

The property is situated on the north side of pedestrianised Chapel Street in the heart of the town centre. Marble Place Shopping Centre is directly opposite, with nearby occupiers including Primark adjacent to the property, Marks & Spencer, WH Smith, Boots the Chemist, H&M and New Look. Southport Railway Station is situated some 160 metres to the east.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with self-contained residential accommodation on the first and second floors. Planning permission has been submitted for the conversion of a single apartment on the upper floors to create two self-contained two bedroom residential flats.

VAT

VAT is applicable to this lot.

Planning

Planning permission has been submitted under reference DC/2017/00043 for the “Conversion of single apartment on upper floors to create two self-contained apartments”. Sefton Council Planning Services. Magdalene House, 30 Trinity Road, Bootle, L20 3NJ. Tel: 0345 140 0845 Email: planning.department@sefton.gov.uk

Completion Period

Six Week Completion

EPC

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

Description

The property comprises ground floor retail accommodation with self-contained residential accommodation on the first and second floors. Planning permission has been submitted for the conversion of a single apartment on the upper floors to create two self-contained two bedroom residential flats.

VAT

VAT is applicable to this lot.

Planning

Planning permission has been submitted under reference DC/2017/00043 for the “Conversion of single apartment on upper floors to create two self-contained apartments”. Sefton Council Planning Services. Magdalene House, 30 Trinity Road, Bootle, L20 3NJ. Tel: 0345 140 0845 Email: planning.department@sefton.gov.uk

Completion Period

Six Week Completion

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
Retail
112.75 sq m
(1,214 sq ft)
PANDORA
JEWELLERY UK
LIMITED (1)
10 years from
31/08/2016 until
2026 on a full
repairing and
insuring lease (2)
£37,500
31/08/2021
First
Residential
Maisonette
(See planning application)
Vacant Possession
     
Total Commercial Area
112.75 sq m
(1,214 sq ft)
    £37,500
 

(1) Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 21,500 people worldwide and is publicly listed on the NASDAQ Copenhagen stock exchange in Denmark (Source: www.pandora.net). For the year ending 31st December 2015, Pandora Jewellery UK Limited reported a turnover of £234,330,000, pre-tax profits of £21,457,000 and a total net worth of £92,385,000 (Source: Experian Group 24/02/2017).
(2) The lease provides for a tenant option to determine the lease on 31st August 2021.

Property Documents

  • Catalogue Page
    Updated Date
    31.10.19
    File Size
    580 KB
    View PDF
  • Site Plan
    Updated Date
    31.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
41 Whitegate Drive
Blackpool
Lancashire
FY3 9DG
Barry Scott 01253 922 123bscott@southernslaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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