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
