Lot
016
Auction Ends: 26/04/2023 11:30 - Bidding opens Tuesday 25th April 10:00 AM

173 Lord Street, Southport, Merseyside PR8 1PF

Property Details
Location
Location
The property is located on Lord Street in the centre of Southport, adjacent The Vincent Hotel and a short distance from Southport Station. Preston and Liverpool are located approximately 20 miles to the north and south respectively.
Description
A three storey terraced commercial property extending to approximately 332 Sq M (3,573 Sq Ft) and comprising ground floor retail accommodation with ancillary space to the rear and upper floors. The seller will be taking a lease-back of part of the ground floor for a term of 12 years at a rent of £19,000 per annum. The remainder of the accommodation is considered suitable for a variety of uses, to include conversion to residential accommodation, subject to obtaining the necessary consents.
Approx Site Area
Approximately 137 Sq M (164 Sq Yds).
Planning
We understand the property is Grade II Listed and sits within the Lord Street Conservation Area.

Interested parties should consult direct with the Local Planning Authority: Sefton Council, Southport Town Hall, Lord Street, Southport, PR8 1DA. Telephone: 0345 140 0845. Email: [email protected]
Tenancy
On completion, a new 12-year lease will be granted to Amplifon UK Ltd for the ground floor retail area, at a rent of £19,000 per annum. The lease will be subject to a tenant break option at the fifth anniversary and five year rent reviews. Please refer to the legal pack for further information.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 25TH APRIL AND CLOSES ON WEDNESDAY 26TH APRIL.

3. The property is entered in the 2017 Rating List as "Shop and Premises" with a Rateable Value of £20,500. The Business Rates assessment with effect from 1 April 2023 has been reduced to £12,750. The Rateable Value (RV) is not the amount payable.

4. Energy Performance Certificate = E.

Joint Agent

Contact: Robert Diggle

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