Freehold Retail Investment
The property is situated on the south side of the busy London Street equidistant between Lord street and Chapel Street, approximately 200 metres from Southport Railway Station. Neighbouring occupiers include Lloyds Bank, Nationwide, Halifax and Yorkshire Building Society.
Freehold.
The property comprises retail accommodation on the ground floor with ancillary accommodation of the first and second floors. The property benefits from rear acess via Glebe Place.
VAT is applicable to this lot.
Six Week Completion
Available from the legal pack at acutus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First Second | Retail Ancillary Ancillary | 192.50 sq m 81.40 sq m 98.40 sq m | (2,072 sq ft) (876 sq ft) (1,060 sq ft) | SKIPTON BUILDING SOCIETY (1) | 5 years from 20/10/2017 on a full repairing and insuring lease | £21,000 | 19/10/2023 |
| Total | 372.30 sq m | (4,008 sq ft) | £21,000 | ||||
(1) The Skipton Building Society is a mutual society that dates back to 1853. It is the UK's 4th largest Building Society with over
1.04 million members. For the year ending 31st December 2017, Skipton Building Society reported a total income of 256,700,000, pre-tax profits of 111,400,000 and total assets less liabilties of 1,468,400,000
(Source: Skipton Building Society annual Report and Accounts 2019. www.skipton.co.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.
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