20 Southbank Road, Southport, Merseyside, PR8

20 Southbank Road comprises a substantial mixed-use, part-let freehold property, incorporating a four-bedroom semi-detached dwelling together with adjoining commercial premises currently occupied by an established commercial laundry business and a separately occupied lock-up store.

The residential accommodation will be offered with vacant possession upon completion, whilst the two commercial elements are income producing and will be sold subject to the existing occupational arrangements.

The property is considered likely to appeal principally to commercial and property investors seeking a mixed residential and commercial asset, particularly given the combination of existing commercial income, reversionary rents and the ability to let or otherwise utilise the substantial residential accommodation following completion.

Externally, the property benefits from a substantial gravelled forecourt providing off-road parking, together with enclosed external space associated with the residential accommodation.

Residential Accommodation
The residential element comprises a substantial traditional four-bedroom semi-detached dwelling, providing generously proportioned accommodation arranged over two floors.

At ground floor level, the property provides a fitted kitchen together with substantial living and dining/reception accommodation. The principal reception areas are particularly well proportioned and benefit from good levels of natural light.

At first floor level there are four bedrooms, including well-proportioned double bedrooms, together with bathroom/shower facilities.

The residential accommodation will be available with vacant possession upon completion, providing an incoming purchaser with flexibility to let, occupy or otherwise utilise this element of the property, subject to any necessary statutory consents.

Externally, the residential accommodation benefits from an enclosed garden/patio area.

Commercial Laundry
Adjoining the residential accommodation is a predominantly single-storey commercial unit currently occupied and operated as a commercial laundrette.

The premises provide a series of laundry/processing areas together with linen and general storage accommodation, ancillary areas, kitchenette and WC facilities.

The commercial accommodation benefits from an independent entrance from the front forecourt and is currently fitted out for the occupier's laundry operation.

The existing occupier has been in occupation for a number of years and currently pays a concessionary rent of £462 per calendar month, equivalent to £5,544 per annum.

The original occupational agreement has expired and the tenancy is understood to be continuing on a rolling/holding-over basis.

Importantly, the existing rent is considered reversionary, potentially providing an incoming purchaser with scope to review the rental and occupational arrangements in due course, subject to the existing agreement and appropriate professional advice.

Any tenant's trade fixtures, fittings, machinery and equipment are specifically excluded from the sale unless otherwise agreed.

LOCK-UP STORE
The property additionally incorporates a separate lock-up storage unit which is independently occupied by a medical records storage business.

The current occupier has been in situ for approximately four years and presently pays £159.25 per calendar month, equivalent to £1,911 per annum.

The original agreement has expired and the occupier is understood to be continuing in occupation on a holding-over basis.

Again, the existing rent is considered reversionary, potentially providing scope for the rental and occupational arrangements to be reviewed by an incoming purchaser in due course, subject to the existing agreement and appropriate professional advice.