No5 Crown Buildings, Liverpool Road, Southport, UK

Detalles

FOR SALE BY AUCTION

START - THURSDAY 27TH AUGUST - 10AM CLOSE - THURSDAY 27TH AUGUST - 1PM

Key Features

• Mixed-use freehold investment opportunity
• Guide Price: £260,000
• Ground floor commercial unit offered with vacant possession
• Previously let at £1,000 PCM
• Detached workshop with electricity and rental potential of approximately £100 PCM
• Recently refurbished two-bedroom first-floor apartment
• Apartment rental potential of approximately £850 PCM
• Potential combined rental income of approximately £1,950 PCM
• Prominent Southport location
• Excellent opportunity for investors or owner-occupiers

Churcher Estates Auction House is delighted to present this exceptional mixed-use freehold investment opportunity at 5 Crown Buildings, Southport, offered for sale by auction with a guide price of £260,000.

Occupying a prominent position, this versatile property comprises a ground floor commercial unit, a detached workshop, and a beautifully refurbished two-bedroom first-floor apartment, offering excellent income potential and flexibility for investors or owner-occupiers.

The ground floor commercial unit will be sold with vacant possession, providing purchasers with the opportunity to occupy the premises for their own business or secure a new commercial tenant at current market rents. The unit was previously let at £1,000 per calendar month, demonstrating its strong rental potential.

To the rear of the property is a detached workshop benefiting from electricity supply, offering additional storage or workspace and with an estimated rental value of approximately £100 per calendar month.

The first-floor apartment has been recently renovated to a high standard and is presented in excellent condition throughout. Accessed independently from the commercial premises, the accommodation comprises two well-proportioned bedrooms, a modern fitted bathroom, a spacious reception room, and a contemporary kitchen. The flat is currently vacant but has an estimated rental value of approximately £850 per calendar month, providing an excellent opportunity to generate immediate residential income.

When fully let, the property has the potential to generate a combined rental income of approximately £1,950 per calendar month, making it an attractive proposition for buy-to-let investors seeking strong yields from a mixed-use asset.

Ideally situated within Southport, the property benefits from excellent access to local amenities, transport links, and the town centre. Southport remains a popular coastal town with a strong local economy, a thriving business community, and consistent demand for both commercial and residential accommodation.

Whether you are looking to establish your own business premises while benefiting from residential rental income, or seeking a high-yielding addition to your investment portfolio, this property offers exceptional flexibility and future potential.

Early viewing is highly recommended to appreciate the quality of the accommodation and the investment opportunity on offer.

*** Further Information ***

Shop A new consumer unit (electrical board) was installed last year. The property benefits from its own dedicated electricity supply, accessed via the external electric box at the rear. This supply was newly installed from the pavement approximately five years ago and is unique to this shop within the block, as the original supply is no longer sufficient for modern requirements. The premises also have dedicated metered water and gas supplies.

The boiler was installed five years ago, and supporting paperwork is available upon request. The current tenant’s lease expires on 20th May; however, they have signed a Tenancy at Will effective from 21st May. This agreement can be terminated by either party at any time without notice, giving the new owner complete flexibility in deciding the future use or tenancy of the property.

All spotlights have been upgraded to fire-rated fittings to comply with regulations relating to the flat above. In addition, dedicated wired smoke alarms, a carbon monoxide detector, and a separate multi-sensor alarm system & ;covering heat, smoke, and CO detection have been installed within the shop. These systems are fully interlinked with the flat above to meet the latest fire safety regulations. The rear door is also fire-rated and self-closing.

The property currently generates a rental income of £1,000 per calendar month, and we can provide five years of statements demonstrating consistent, on-time rental payments throughout this period. For the first two years, the rent was £900 pcm.

Flat The flat also benefits from a new electricity supply installed from the pavement approximately five years ago. The consumer unit was fitted by our electrician at the same time, and a valid EICR remains in place. The windows have been upgraded to A+ energy-efficient units, with FENSA certification available.

For added safety and compliance, the flat is fitted with wired carbon monoxide, multi-sensor, and smoke alarms, while all spotlights have been upgraded to fire-rated fittings. The loft has also been fully double-insulated to improve energy efficiency. In addition, the property features a fire-rated, self-closing front door.

The kitchen remains unused, and the flat has its own dedicated metered water and gas supplies, entirely separate from the shop below. The property was previously let for five years, with the most recent rent being £650 pcm, although the current market rental value is estimated to be approximately £850 pcm.

Whole property The property is freehold and held under a single title. The pavement area to the front of the shop is included within the freehold ownership. Access to the flat is via the entrance on Halsall Road, which provides a permanent right of access to the building as a whole.

The grey shed to the rear of the property is also included within the sale and already benefits from an electricity supply, which is currently shared with the flat. However, as a three-phase supply is present, an electrician could connect the shed to the third phase to provide it with its own independent electricity supply.

Additional Information

For further information please contact our office directly on 01704 338451, or alternatively via email on mark@churcherestates.co.uk . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Churcher Estates | Auction House are referred to as The Auctioneer. This auction lot is being sold by (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on Churcher Estates website. The property is available to view strictly by appointment only via The Auctioneer. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 10% of the purchase price. The deposit will form part of the purchase price. A non-refundable Auction Reservation fee of 4% + VAT (subject to a minimum fee of £6,000 + VAT) is also payable upon agreement of sale and exchnage of contracts. The Auction Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.