£1,250,000 Under Offer

33-39 London Street and 1-5B Hoghton Street, Southport - Town Centre, PR9

Key Features

  • 6 Separate Retail Units and Separately Accessed First and Second Floor Offices.
  • Current rental income £92,750 per annum (Rising to an estimated £99,750 per annum, when Vacant First Floor Office is let.
  • First office also offers potential residential conversion - subject to planning.
  • Imposing and prominent property within the core of Southport town centre close to the Railway Station.
  • Existing tenants wholly unaffected by the proposed sale.
  • No VAT on Purchase Price.

Imposing, attractive and substantial three storey property, occupying the prominent juncture of Hoghton Street and London Street within Southport town centre. To the London Street elevation, there is the Waterfields Bakery and the primary tenant/occupier of Whittakers School Wear, with the Hoghton Street elevation providing for four self-contained smaller retail units, in addition to a dedicated entrance off Hoghton Street to the upper floors. The first floor office is currently vacant, the second floor is used as additional storage for Whittakers School Wear. Please note all tenants are wholly unaffected by the sale. 1-3 Hoghton Street trades as Smithies Newsagents and provides accommodation to ground, first and second floors. 3b Hoghton Street is currently trading as a nail bar and again has accommodation to ground, first and second floors. 5a Hoghton Street is a specialist sports shop and has accommodation over ground, first and second floors. 5b Hoghton Street - a letting has recently been agreed to The Shake Factory on a three year lease at £7,500 pa from 1st April 2021. 33 London Street is Waterfields Bakery over ground, first and second floors. 35-39 London Street is Whittakers School Wear which has ground and first floor accommodation, in addition to the second floor of the separately accessed Rawcliffe Chambers Offices used for storage. The upper floor offices may also lend themselves to residential conversion, subject to the necessary consents. First and second floor offices, Rawcliffe Chambers - First floor, office is currently vacant, second floor used as storeroom for Whittakers School wear. Rawcliffe Chambers is situated to the juncture of Hoghton Street and London Street within the core of the Southport town centre. Hoghton Street is the primary legal, professional and medical area of the town, whilst London Street connects the town's railway station and pedestrianised retail area of Chapel Street through to the attractive boulevards of Lord Street. London Street is home to many local and national operators such as Halifax, Lloyds Bank, Nationwide Building Society, Bet Fred and William Hill.
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