Investment for sale - 24-26 Eastbank Street & 2-6 Princes Street, Southport
24-26 Eastbank Street & 2-6 Princes Street, Southport, PR8 1EZ
Price
£750,000
Tenure
freehold
Listed
2 months ago
Property Description
The property comprises a high yielding, mixed-use, investment opportunity occupying a prominent corner pitch in Southport.
Arranged as three ground floor retail units with five flats to the upper parts plus a rear maisonette, the property is fully let to nine tenants on separate leases producing a total £98,088 per annum.
We consider the property benefits from asset management via renewal of a number of leases with six tenants currently holding over.
The property occupies a prominent corner pitch in the retailing heart of Southport. The properties therefore benefit from excellent footfall with the surrounding area characterised by a number of national occupiers including Betfred, Specsavers, KFC and Costa.