Auction Property Details

94 Eastbank Street, Southport, PR8 1EF

Lot 9 - 10.04.2014

SOLD PRIOR

FOR SALE BY PUBLIC AUCTION THURSDAY 10TH APRIL 2014 AT LIVERPOOL TOWN HALL

94 EASTBANK STREET, SOUTHPORT, PR8 1EF

MIXED USE

WHY BUY?
Excellent investment opportunity
Currently producing £8,880pa
Vacant self-contained storage/office unit
Easy opportunity to increase yield
Good town centre location

DESCRIPTION
A mixed use investment property fronting a busy main road location in Southport next to the BMW Motorad dealership. In good condition throughout the property comprises of a lock up retail unit trading as The Salon paying £5200pa on a FRI lease due for renewal in Jan 2015. To the first floor is a self contained one bedroom flat with front entrance currently holding over on an Assured Shorthold Tenancy producing £3,600pa.
To the lower ground floor and accessed to the rear of the property is a useful self contained storage/office unit of approximately 400²ft with connected services and electric roller shutter. The unit is currently vacant but should let at a minimum of £2,600pa.

LOCATION
Fronting Eastbank Street in a busy main road location off Lord Street next to BMW Motorad with on street parking available opposite. Close to all local amenities and just a short walk from Southport main line station.

ACCOMMODATION
Retail Unit: Approximately 400²ft, electric roller shutters, sales area, kitchen,WC
First Floor: Lounge, kitchenette, bedroom, shower room/WC
Lower Ground Floor: Self-contained office/storage unit with electric roller shutter, approximately 400²ft

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.