Bridge Grove, Southport

For Sale by Private Treaty, 2 & 4 St James Street and 9,9a & 11 Bridge Grove - Freehold Investment Opportunity.

What an opportunity of 4 retail shops (one let) and one 3 bedroom flat (11a) let on an AST at £8100 per annum (last rent increase for the flat March 2023). The empty units being 2 St James Street and 9 &11 Bridge Grove comprised of one retail unit, one hot food takeaway and cafe. No. 11 requires complete refurbishment and offers the option to form a flat on the first and second floor.

Number 4 St James Street is let out comprising as retail unit to the Ground Floor and vacant flat above (requires modernisation). The tenant is at present negotiating with our client for a new lease for 10 years with reviews every third year. They have indicated that as they do not use the flat above they would consider handing this back to a new owner. Once all let and refurbished they will provide a good annual income.

The premises occupy a prominent corner position on the edge of Southport Town Centre.

NB: The tenant in Number 4 St James Street has agreed to rent Number 2 St James Street for a period of 10 years (£6250 per annum) along with a renewal of the lease on Number 4 (£8700 per annum).

9 Bridge Street - Vacant (Renovation Required, Double Unit)
Frontage 18' x 31' depth
Frontage 9'6" x 22'8" depth
Toilet 6'10" x 2'7" & Toilet 2 4'8" x 4'5"
Kitchen Area 9'8" x 5'3"
Stairs to First Floor
Front Room 18'7" x 14'9"
Door to Terrace giving access to additional accommodation over No. 11 Bridge Street
Stairs to 2nd Floor 19'2" x 14'9"
Rear Area

11 Bridge Street - Take Away - Vacant
Frontage 12'9" x 14'8" Width = 187 sq.ft.
Kitchen 16'2" x 5'10" plus 4'7" x 4' plus 3'6" x 2'9" = 122 sq.ft.

11A Bridge Street - Flat Comprising
Three Bedrooms
Kitchen/Diner
Lounge, Bathroom, WC.