49 EASTBANK STREET, SOUTHPORT -Smith and Sons (en-GB)

This substantial three storey end terraced building is within a couple of minutes walk of Southport Town Centre where many national retailers are represented. It is also within a ten minute walk of the Promenade with a wide range of leisure facilities and close to a Tesco Express and TK Max the area being well served by public transport. The property has recently been refurbished, the maisonette having gas fired central heating, UPVC double glazing, new kitchen and bathroom fittings and it has also been replastered and rewired. The retail unit has modern kitchen and toilet facilities and is currently let on terms detailed below.

Details

Auction Date	05th July 2017
Lot Number	23
Guide Price	£125,000 to £140,000
Status	Sold
Sale Price	£105,000
Lot Type	Commercial Investment
Address	49 Eastbank Street, Southport, view on map
Tenure	Freehold
Rateable Value	The whole building currently has a Rateable Value of £9,000. However this will be reduced when it is separately assessed for business and residential use.
Tenancies	The ground floor is let at £6,000 per annum with the upper floors let on an assured shorthold tenancy at £7,800 per annum. This produces a total rental income of £13,800 per annum.
Viewing	By arrangement with the auctioneers.

Location

Accommodation

Ground Floor	Retail space 60.45 sq m (650 sq ft) Kitchen and separate WC.
Maisonette	Ground Floor Entrance vestibule.
First Floor	Landing, large front lounge, dining kitchen with a range of new base and wall units including built in oven, hob, extractor fan and a washing machine, shower room with WC, further WC.
Second Floor	Landing, two large bedrooms.
Externally	Front canopy and hardstanding.
Rateable Value	The whole building currently has a Rateable Value of £9,000. However this will be reduced when it is separately assessed for business and residential use.