This property presents a unique investment opportunity with significant potential for renovation and income generation. Comprising four retail units—one currently leased—and a three-bedroom flat, the site offers a solid foundation for those looking to invest in or revitalize properties in a growing area.
Currently, the flat at 11A is rented under an assured shorthold tenancy, yielding an annual return of £8,100. The other units include two vacant retail spaces on St James Street and Bridge Grove—one of which is suited for conversion into a hot food takeaway or café. Notably, unit 11 requires complete refurbishment but provides the option to develop additional residential space on the upper floors.
4 St James Street features a retail unit on the ground level while the flat above is vacant and in need of modernization. The current tenant has expressed interest in renewing their lease for ten years with rental reviews every three years, ensuring stability for potential buyers. They may also be willing to relinquish the vacant flat above, giving you flexibility in how to maximize your investment.
The corner location of these premises ensures high visibility and foot traffic, enhancing their marketability. Furthermore, the existing tenant has committed to renting unit 2 for a decade at £6,250 annually while simultaneously negotiating lease renewals for units 4 and 2 at attractive rates.
With varying square footage across the properties—from expansive double frontages at 4 St James Street to smaller yet strategic corner units—the varied layouts create opportunities for different business ventures or residential conversions. Renovating these spaces could notably increase their rental value and overall property yield once fully occupied.
This property not only offers immediate leasing options but also invites creative redevelopment strategies that can enhance both its appeal and financial performance in this desirable area near Southport Town Centre.
