Investment Summary

St James' Place, Southport, PR8 5AE

  • Freehold convenience store and ground rent investment
  • Prominent retail unit at ground floor with long leasehold residential upper parts
  • Ground floor retail unit extending to 2,486 sq ft
  • Let to the Co-Operative Group Food Limited for a term of 25 years expiring 16th August 2023 (7yrs unexpired)
  • Current rent of £23,700 (£9.53 psf)
  • Total net income including the upper floor ground rents of £23,750 per annum
  • Offers in excess of £290,000 (STC)
  • Attractive Net Initial Yield of 7.94% 
  • The property is not VAT elected
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