Property for sale

Eastbank Street, Southport PR8

***for sale by auction***

***start - Thursday 26th November - 10AM

***close - Thursday 26th November - 1PM

Guide price - £600,000

Freehold investment opportunity


Mixed-Use Commercial and Residential Investment – Fully Let

An excellent opportunity to acquire a substantial mixed-use investment property comprising three commercial units and five residential apartments, all currently let, providing an established rental income stream from a combination of commercial and residential tenants.

The commercial element comprises two beauty bars/salons and one convenience store, offering a diverse range of occupiers and the benefit of multiple income streams from established business premises. The property includes the prominently presented Bank of Beauty premises, which advertises hair, aesthetics and training services.

The upper or associated residential accommodation comprises five self-contained apartments, all currently rented, offering further recurring rental income and broadening the investment’s appeal.

Investment Highlights

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  Eight income-producing units in total.
  
  
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  Two beauty bars/salons.
  
  
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  One convenience store.
  
  
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  Five residential apartments.
  
  
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  All commercial and residential units currently let.
  
  
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  Diversified income from commercial and residential occupiers.
  
  
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  Established mixed-use investment with ongoing rental income.
  
  
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  Potential opportunity for future rental growth and asset management, subject to tenancy agreements, market conditions and any necessary consents.
  
  

Auction Opportunity

This fully let mixed-use property presents an attractive opportunity for investors seeking an established income-producing asset with a combination of commercial and residential accommodation. The variety of occupiers provides diversification across different property uses, while the five rented apartments add a significant residential component to the overall investment.

The property may appeal to private investors, portfolio landlords and buyers looking to expand an existing commercial and residential property portfolio.

A rare opportunity to acquire a multi-unit investment with eight currently let units, offering diversified rental income and potential for long-term capital growth.

Prospective purchasers should make their own enquiries regarding rental income, tenancy terms, lease lengths, tenant liabilities, planning status, building compliance and the overall condition of the property. All details are subject to verification and the information contained within the auction legal pack.

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Churcher Estates | Auction House are referred to as The Auctioneer. This auction lot is being sold by (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on Churcher Estates website. The property is available to view strictly by appointment only via The Auctioneer. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 10% of the purchase price. The deposit will form part of the purchase price. A non-refundable Auction Reservation fee of 4% + VAT (subject to a minimum fee of £6,000 + VAT) is also payable upon agreement of sale and exchange of contracts. The Auction Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.