21, 23 & 23A Shakespeare Street, Southport, PR8

An opportunity to acquire a substantial freehold commercial investment property, presently let to Freshfields Animal Rescue and producing a current rental income of £15,300 per annum.

The property is being sold subject to and with the benefit of the existing occupational lease. Freshfields Animal Rescue will remain in occupation following completion of the sale and the tenant's occupation and rights under the lease will be unaffected by the change of ownership.

The property is considerably larger than may initially be appreciated from the passing rental and comprises extensive ground-floor retail accommodation together with substantial accommodation at first-floor level.

The ground floor is predominantly arranged as extensive open-plan sales accommodation, presently utilised for the sale of furniture, clothing and other donated goods. The accommodation benefits from substantial glazed display frontage, suspended ceilings incorporating lighting and a combination of sales, storage and ancillary areas.

A particular feature of the property is the extent of its frontage, including a useful return frontage, which provides the building with a strong visual presence and good levels of natural light.

At first-floor level, the accommodation is divided to provide a number of office, storage and ancillary rooms together with WC and staff facilities.

Of particular interest from an investment and longer-term asset management perspective, the upper-floor accommodation benefits from independent access directly from Shakespeare Street, providing additional flexibility in the configuration and occupation of the building.

Overall, the property represents a sizeable and adaptable freehold commercial building, presently providing an established rental income whilst retaining characteristics which may be of interest from a longer-term asset management perspective.