66-70 Tulketh Street & 1-4 Tulketh Mews, Southport
Size
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Tenure
Freehold
EPC
Parking
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- Primary use
- Mixed use
No floor / site plan
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
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.
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Business for sale
- No
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
66-70 Tulketh Street & 1-4 Tulketh Mews, Southport
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Disclaimer - Property reference EE55415E-C2A3-4841-94C6-E58226FD4535. 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 Savills National , Savills Auctions- Commercial. 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.