Office for sale

The Shakespeare Centre, Southport, Merseyside, PR8

35,418 sq. ft. | £2,000,000

Property Description

Commercial information

  • 35,418 sq ft (3,290 sq m)

Key features

  • Painted plastered walls and ceilings/carpeted floors.
  • Comprising ground and 3 upper floors and 109 car spaces.
  • ••Occupies a prominent location fronting Shakespeare Street, close to Southport Town Centre.
  • Externally, it is phased with brick and benefits from UPVC double glazing.

Full description

Location
The property occupies a prominent location fronting Shakespeare Street, close to Southport Town Centre. The surrounding area is largely residential with Shakespeare Street being the local centre with shops, cafes etc. The street was highlighted recently in a local newspaper as being a "bustling road with real finds and services". Shakespeare Street is a main bus route, being of mixed use, predominately retail and business services, as well as being home to the newly constructed Salvation Army Headquarters.

Shakespeare Street leads to the A570 Eastbank Street which in turn leads to Lord Street and Southport town centre, approximately 1/2 a mile north west of the subject property.

Description
The property comprises a detached 4 storey office building built originally in the late 1960's/1970's of
framed construction. Externally, it is phased with brick and benefits from UPVC double glazing.
Internally, the property is divided on each floor into a multi-let office building and finished to the following specification:

-Painted plastered walls and ceilings/carpeted floors.
-Fluorescent strip lighting.
-Full gas central heating.
-Lift access to all floors.
-24 hour access.
-Intruder alarm.
-CCTV.
-Car park with space for 109 cars.

The property is managed by a full time Property Manager.

VAT
We understand that the property is elected for VAT and therefore VAT will be charged on the transaction.

Legal Costs
Each party to be responsible for their own legal costs incurred in any transaction.

Business Rates
A schedule of the rating assessment as entered into the 2010 Rating List is available upon request.

Terms
The intention is to sell the property by way of a Transfer of a Going Concern (TOGC).

Further information to include guide price is available upon request.

Tenure
The property is held freehold under 7 individual titles. Further information is available upon request.

Tenancies
The property is let to 19 individual tenants with a rent passing of 201,341 per annum as at 28 February 2016.

A service charge, which includes the cost of the full time property manager is collected from the tenants currently at approximately 73,500 per annum. The charge also covers the maintenance and upkeep of common parts as well as heating of the entire building and lighting of common areas.

At present, only 2,278 sq ft out of the net internal area of 35,418 sq ft is currently vacant.

A pack of information is available upon request to include the following:
-Tenancy schedule.
-Land registry entries and associated plans.
-Schedule of outgoings.
-Schedule summarising occupancy levels over the past 7 years.
-Service charge schedule 2010 to 2014.

Energy Performance Certificate
The property has an Energy Performance Certificate Rating in Band D, a copy of which is available upon request.

More information from this agent

Nearest stations

  • Southport (0.5 mi)
  • Birkdale (0.6 mi)
  • Meols Cop (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lambert Smith Hampton, Liverpool

5 St. Pauls Square, Liverpool, L3 9SJ

0151 954 0606 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Southport (0.5 mi)
  • Birkdale (0.6 mi)
  • Meols Cop (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Lambert Smith Hampton, Liverpool

5 St. Pauls Square, Liverpool, L3 9SJ

0151 954 0606 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference The_Shakespeare_centre_PR8_5AB. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lambert Smith Hampton, Liverpool. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.