Sale On behalf of James Liddiment and Paul Greenhalgh of KR8 Real Estate acting as joint LPA Fixed Charge Receivers

Prominent corner position fronting Lord Street, Southport’s principal thoroughfare, at its junction with Seabank Road

Premises provide two ground floor bars with fourteen en suite hotel bedrooms above, extending to approximately 7,315 sq ft (679.56 sq m)

Let to CSINC Properties Ltd (t/a Sinclairs) and GBG Southport Ltd (t/a Gingers) by way of four separate leases

All tenants open and trading

Freehold

Leases expiring between October 2030 and March 2031 (subject to break clauses)

Total Rent: £90,000 per annum

Seeking offers in excess of £795,000 subject to contract and exclusive of VAT.

Net Initial Yield: 10.73% (after allowing for purchaser’s costs at 5.48%).