5 And 5a Chapel Street, Southport, Merseyside, PR8

The property comprises an attractive mixed use investment arranged over ground and upper floors.

The ground floor provides a self contained retail unit extending to approximately 804 sq.ft. (74.7 sq.m.), benefiting from a fully glazed shop frontage directly onto Chapel Street.

Internally, the accommodation is predominantly open plan, providing an attractive modern retail environment with suspended ceilings incorporating recessed lighting, air conditioning, tiled flooring and extensive display walling. To the rear are ancillary staff facilities incorporating kitchen, WC and storage accommodation.

The premises have recently been let on a new five-year Full Repairing & Insuring lease producing an annual rental of £20,000 per annum exclusive, providing immediate commercial income.

The upper floors comprise a well-proportioned self-contained three-bedroom apartment accessed independently from the rear, ensuring complete separation from the commercial accommodation. The apartment is currently occupied under an existing residential tenancy producing £625 per calendar month (£7,500 per annum).

Overall the property provides two independent income streams together with the security and flexibility associated with freehold ownership.