66-70 Tulketh Street & 1-4 Tulketh Mews, Southport
Guide Price
£670,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Mixed use property for sale
Key features
- High Yielding Mixed-Use Investment
- Parade of Three Retail Units with Four Flats to Upper Parts
- Includes a Rear Mews of Four Houses
- Fully Let to 11 Separate Tenants
- Seven Tenants Holding Over - Asset Management Potential Via Renewal
- Opportunity to Improve Rents
- Popular High Footfall Pitch
- Investment Let at £80,736 p.a. (12% GIY on Guide Price)
Description
The property comprises a high yielding, mixed-use, investment opportunity forming a popular local parade in Southport.
Arranged as three ground floor retail units, with four flats to the upper parts and a further mews of four two bedroom houses to the rear; the property is fully let to 11 tenants on separate leases and producing a total £80,736 per annum.
We consider the property benefits from asset management via renewal of a number of leases with seven tenants currently holding over. Furthermore, given recent lettings evidence within the block, we consider there may be an opportunity to improve rental income.
The property is situated with a prominent frontage to Tulketh Street and forms a popular local parade. The property is immediately adjacents to a large retail scheme with tenants including Flannels and Sports Direct which also includes a large multi-storey car park comprising the principal parking amenity within Southport City Centre. The property therefore benefits from high footfall with Southport Rail Station being immediately to the rear of the property.
Arranged as three ground floor retail units, with four flats to the upper parts and a further mews of four two bedroom houses to the rear; the property is fully let to 11 tenants on separate leases and producing a total £80,736 per annum.
We consider the property benefits from asset management via renewal of a number of leases with seven tenants currently holding over. Furthermore, given recent lettings evidence within the block, we consider there may be an opportunity to improve rental income.
The property is situated with a prominent frontage to Tulketh Street and forms a popular local parade. The property is immediately adjacents to a large retail scheme with tenants including Flannels and Sports Direct which also includes a large multi-storey car park comprising the principal parking amenity within Southport City Centre. The property therefore benefits from high footfall with Southport Rail Station being immediately to the rear of the property.
66-70 Tulketh Street & 1-4 Tulketh Mews, Southport
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Southport Station0.2 miles
- Birkdale Station0.9 miles
- Meols Cop Station1.1 miles
Notes
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