Offers over
£795,000
(£108.68/sq. ft)
Leisure/hospitality for saleLord Street, Southport PR9
7,315 sq. ft
Just added
About this property
Sale on behalf of joint lpa Fixed Charge Receivers
Fully Let
Freehold
Total Rent: £90,000 per annum
Seeking offers in excess of £795,000 subject to contract and exclusive of VAT
Net Initial Yield: 10.73% (after allowing for purchaser’s costs at 5.48%).
Prominent corner position fronting Lord Street, Southport’s principal thoroughfare, at its junction with Seabank Road
Premises provide two ground floor bars with 14 en suite hotel bedrooms above, extending to approximately 7,315 sq ft (679.56 sq m)
Let to csinc Properties Ltd (t/a Sinclairs) and gbg Southport Ltd (t/a Gingers) by way of four separate leases
All tenants open and trading
Leases expiring between October 2030 and March 2031 (subject to break clauses)
Total Rent: £90,000 per annum
Seeking offers in excess of £795,000 subject to contract and exclusive of VAT.
Net Initial Yield: 10.73% (after allowing for purchaser’s costs at 5.48%).
Premises provide two ground floor bars with 14 en suite hotel bedrooms above, extending to approximately 7,315 sq ft (679.56 sq m)
Let to csinc Properties Ltd (t/a Sinclairs) and gbg Southport Ltd (t/a Gingers) by way of four separate leases
All tenants open and trading
Leases expiring between October 2030 and March 2031 (subject to break clauses)
Total Rent: £90,000 per annum
Seeking offers in excess of £795,000 subject to contract and exclusive of VAT.
Net Initial Yield: 10.73% (after allowing for purchaser’s costs at 5.48%).
Mortgage calculator
Monthly repayment
£3,976 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}