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Freehold Ground Rent Investment with 13 Valuable Reversions

12–26 Sandringham Court and 639 & 645–655 Lord Street, Southport, Merseyside PR9 0AW

Ground Rent
About this property
15 April 2021
Traditional
Ground Rent
Description

Lot 16 Freehold Ground Rent Investment with 13 Valuable Reversions Situation Occupying a prominent position in the town's main retail thoroughfare, close to the junction with Manchester Road, opposite a branch of Farmfoods and amongst a variety of independent retailers, cafés, bars and restaurants. Southport is a popular and affluent town located some 17 miles north of Liverpool enjoying good road access via the A570 to the M58 (Junction 3). Property A purpose built retail parade fronting Lord Street, comprising 1 Double and 5 Single Ground Floor Shops with separate gated front access to 14 Self-Contained Flats planned on three upper floors. VAT is NOT applicable to this Lot FREEHOLD Note 1: In accordance with s5B of the Landlord & Tenant Act 1987, Notices have been served on the lessees and they have not reserved their rights of first refusal. This lot cannot be sold prior to the Auction. Note 2: The Freehold of Flats 1-11 Sandringham Court is also being offered for sale in this auction - see Lot 15 Note 3: The Freeholder insures 1-11 and 12-26 Sandringham Court (Lots 15 and 16) together for a sum insured of £3,000,000 and a current premium of £4,355.51 incl. IPT. Note 4: There is a Car Park but this is not included in the sale. Note 5: There is a 6 Week Completion .

Location
More Information
Freehold
Lord Street
Planing Authority

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