St James' Place, Southport, PR8 5AE

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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