£220,000 For Sale

41,41a And 41b Hoole Lane, Southport, PR9

Key Features

  • Mixed Use Part Let Investment Property - Two Retail Units and Two Bed Flat
  • Rear retail unit let at £6,600 per annum until 31 August 2027.
  • Vacant front retail unit available to let at £7,500 per annum.
  • First floor flat vacant but historically producing £7,800 per annum on AST.
  • Mixed use investment property.
  • No VAT on purchase price or rental.
  • Plenty of parking (7 spaces on site)
  • New roof costing £20,000 completed September 2021
  • Achieving £21,900 per annum when fully let giving a 10% yield.

A mixed use property comprising of two retail units and first floor two bedroom flat. 41 Hoole Lane is the front retail unit, which was previously utilised as a dog groomers, this is a self-contained retail unit with a glazed shopfront and adjacent panelled pedestrian door, with fascia signage above, leading into a primarily open plan retail area, with vinyl floor covering, emulsion walls and ceiling and recessed light fittings, in addition to plentiful power points. To the rear of the property, there is a kitchenette unit with stainless steel sink and a variety of base units, in addition to a WC and wash basin. This unit is available to let at £7,500 per annum. 41b Hoole Lane is the rear retail unit, which is a well-appointed skin / dermatology clinic let to a long established tenant, who is wholly unaffected by the sale, who in turn occupies by way of a lease at a rental of £6,600 per annum expiring 31 August 2027. The first floor comprises of a self-contained two-bedroom flat, currently vacant, but historically let at £7,800 per annum (£650 per calender month).
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