Prominent location near to Birkdale Railway Station
Let to Lytham Wine Company Limited on a new 20 year lease (1)
VAT-free investment
Nearby occupiers include Costa Coffee, Sainsbury’s and Royal Mail
Lot 12
Auction 5th December 2018
Rent £29,000 per Annum
Status Sold
Price £385,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Mapeley
Property Information
Location
Miles
19 miles north of Liverpool, 20 miles south-west of Preston, 20 miles north-west of Wigan, 40 miles north-west of Manchester
Roads
A565, A570, A59, M58
Rail
Birkdale Station
Air
Liverpool John Lennon Airport
Situation
Southport is a large coastal town in Merseyside some 19 miles north of Liverpool, 20 miles south-west of Preston and 40 miles north-west of Manchester. Southport benefits from excellent road connections, being located near the A565, A59 and M58. The property is located in Birkdale, a predominantly residential suburb 1 miles south of Southport town centre. The property is situated on the north side of Liverpool Road, close to its junction with Alma Road, in a prominent retail location in Birkdale. Royal Birkdale golf club is 1 mile to the south. The property is just 50 yards from Birkdale Train Station and benefits from nearby occupiers including Costa Coffee, Sainsbury’s and Royal Mail.
Tenure
Freehold.
Location
Miles
19 miles north of Liverpool, 20 miles south-west of Preston, 20 miles north-west of Wigan, 40 miles north-west of Manchester
Roads
A565, A570, A59, M58
Rail
Birkdale Station
Air
Liverpool John Lennon Airport
Situation
Southport is a large coastal town in Merseyside some 19 miles north of Liverpool, 20 miles south-west of Preston and 40 miles north-west of Manchester. Southport benefits from excellent road connections, being located near the A565, A59 and M58. The property is located in Birkdale, a predominantly residential suburb 1 miles south of Southport town centre. The property is situated on the north side of Liverpool Road, close to its junction with Alma Road, in a prominent retail location in Birkdale. Royal Birkdale golf club is 1 mile to the south. The property is just 50 yards from Birkdale Train Station and benefits from nearby occupiers including Costa Coffee, Sainsbury’s and Royal Mail.
Tenure
Freehold.
Description
The property comprises a ground floor shop with delicatessen, restaurant and bar. The first floor is residential accommodation.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with delicatessen, restaurant and bar. The first floor is residential accommodation.
VAT
VAT is not applicable to this lot.
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
Reviews/ (Reversion)
Ground First
Retail/Ancillary Residential
110.60 sq m
(1,190 sq ft)
LYTHAM WINE COMPANY LIMITED t/a Barrique (2)
20 years from 13/08/2018 on a full repairing and insuring lease (1)
£29,000 (3)
2023 and 5 yearly
Total
Commercial
110.60 sq m
(1,190 sq ft)
£29,000
(1) Tenant’s option to determine the lease in 2025 & 2030. (2) Barrique Café, Wine Shop, Bar is opening its second site in Birkdale in November. This unique concept has been a great success in Lytham (Source: www.caterer.com). (3) The tenant has a rent free period due to expire in February 2020. The Seller will adjust the completion monies so that the unit effectively produces £29,000 per annum from completion of the sale.
