£499,950 For Sale

West Street, Southport, PR8


Key Features

  • Investment Sale - Existing Tenant Unaffected by Sale
  • Let by Way of a 10 Year Lease from April 2016 at a Rental of £40,000 Per Annum, Rising to £50,000 Per Annum from 29th April 2020
  • Exceptionally Well Appointed Restaurant and Bar
  • Substantial Accommodation Over 4 Floors
  • Passenger Lift Serving All Floors
  • Kitchen and Food Preparation Areas Within Adjacent Terrace House (included within the sale)
  • Premises Extends to over 8,400 Sq Ft in Total

Investment Sale - Existing Tenant Unaffected by Sale. Let by Way of a 10-Year Lease from April 2016 at a Rental Of £40,000 Per Annum, Rising to £50,000 Per Annum From 29th April 2020. Exceptionally well appointed and established Restaurant Premises over ground and first floor. The second floor provides a variety of gas centrally heated private offices and stores. The third floor is open plan storage and the passenger lift services all floors. The restaurant, with fitted commercial kitchen adjacent with back of house and storage behind and above, offers approximately 100 covers, with the first floor having a large lounge bar and WC facilities. Southport is an affluent seaside town and popular tourist destination situated approximately 17 miles north of Liverpool. The town has a resident population of 93,000 persons which increases considerably during the main holiday season. The Town has an established retail and leisure market, offering a good mix of national and independent shops, restaurants, cafés and bars. The main retail activity is primarily concentrated along Lord Street and Chapel Street. The Fire Pit enjoys a quirky, back street location on West Street which runs parallel to Lord Street to the west and is firmly established as the main leisure destination circuit of the town centre. National retailers with representation along Lord Street include Sainsbury's, Waterstones, Beales Department Store, Next and many more. The multiple mainstream national restaurant operators trading within the town include Prezzo, Chiquito's, Frankie & Benny's, Nando's, Pizza Hut, Pizza Express and JD Wetherspoons. In addition, there are numerous local and regional operators trading very successfully from the town. The subject premises are adjacent to Alpine Bar and close to other compatible leisure restaurant and bar occupiers including The Avenue Bar and The Vincent Hotel.
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