PROPERTIES

Mecca Bingo, Lord Street, Southport, Merseyside PR8 1RN

Price£1,667,000

PDF DETAILS

Mecca Bingo, Lord Street, Southport, Merseyside PR8 1RN

  • Price£1,667,000
  • Income£195,778 pa
  • Yield11%
  • SectorLeisure
  • StatusAvailable
PDF DETAILS

Town Centre Leisure Investment

Summary

  • Located in the affluent coastal town of Southport.
  • Comprising 37,734 sq ft, with a site area of 0.92 acres, situated in the town centre.
  • Let to Mecca Bingo Ltd until 2021 - the tenant did not exercise their recent break option demonstrating their commitment to the property.
  • Current rent of £195,778 per annum.
  • May be suitable for alternative uses subject to the necessary planning consents.
  • Seeking offers in excess of £1,667,000 subject to contract and exclusive of VAT.
  • Net initial yield of 11% after allowance for unadjusted purchaser's costs of 6.8%.