£130,000 For Sale

72 & 72a Portland Street, Southport, PR8

Key Features

  • Fully let mixed use opportunity.
  • Ground floor physiotherapy let at £445.00 per month. (£5,350 per annum).
  • One bedroom first floor flat let at £435.00 per calendar month (£5,220 per annum) on an Assured Shorthold Tenancy Agreement. Both agreements have approximately 18 months unexpired term.
  • Total Rental Income £10,560 per annum - Approximately 8% yield return.
  • Approximately 1,200 square feet GIA over ground and first floor.
  • Ground and first floor separately metered for utilities.
  • No VAT on purchase price.
  • Existing tenants may consider extending their agreement.

Fully let mixed use investment opportunity. This is an end terrace property, with the ground floor which is let to a physiotherapy practice, with two consultation rooms to the front, a rear office, together with separate kitchen and WC. By way of the communal reception hall, stairs lead to the separate first floor flat, which is independently metered for utilities from the ground floor, and comprises an open plan lounge, bedroom, galley kitchen and bathroom, together with exit to external fire escape. The first floor is let on an Assured Shorthold Tenancy Agreement at £435.00 per calendar month, whereas the ground floor is let on a commercial lease at a rental of £445.00 per calendar month. Total annual income £10,560 per annum. Both agreements have approximately 18 months unexpired, however, the tenants have mentioned that they may consider entering into longer agreements post sale completion on terms to be agreed. Copies of the Assured Shorthold Tenancy Agreement and lease for the ground floor physiotherapy practice are available on request.
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