Nolan Redshaw Commercial Property Specialists

THE COURTYARD

THE COURTYARD, CHURCH ROAD, TARLETON, SOUTHPORT, PR4 6UP

FOR SALE

£1,280,000.00

 

Size: 14471 Sq Ft

Status: Available

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PROPERTY DESCRIPTION

The premises comprise of ground floor and first floor retail unit, within an attractive period building, which is Grade II listed in part. The premises are tastefully renovated and provide an attractive retail scheme, with ample parking. There is also a café / restaurant which interconnects with the ground floor retail unit. The spa is at first floor level. Tenancy Information 1. Ena Mill Tarleton Ltd, have operated from the Courtyard since August 2013. The tenants trade as a factory outlet store which includes the fully licensed Whittles Farm Restaurant on a separate lease. 2. Secret Spa and Beauty Limited have been trading from the location since March 2015 and are an established beauty salon and holistic spa and have just renewed their lease.

The premises are situated within an attractive village centre retail development, just off Church Road, in the prosperous Village of Tarleton. Tarleton is just off the A59, which links Southport to Preston and is within 5 miles of the M6 and M61 motorways. Tarleton is regionally renowned as an affluent area in a picturesque setting of West Lancashire. As a destination retail outlet there is significant interest in the town from a much wider regional demographic and geographical area. The premises are within and form a major part of the Village Centre together with the adjacent retail and residential scheme.

Retail Unit Ena Mill Tarleton Ltd 773.77 8,328 Restaurant and Retail Ena Mill Tarleton Ltd -Sublet to The Barn Ltd Ground Floor 351.73 3,786 Mezzanine 128.56 1,383 Spa Secret Spa & The Barn Ltd 90.48 974 Total 1,344.54 14,471

An asking price of £1,280,000 would result in a net yield of 8% assuming purchasers costs 5.98% (The current income is £108,700.00) pax.

An Energy Performance Certificate has been prepared, and can be made available on request.

Rents and prices where quoted, are exclusive of, but may be liable to VAT at the prevailing rate.

By the sole agent: NOLAN REDSHAW Strictly by appointment with the sole agents. Nolan Redshaw Contact: Paul Nolan Tel: 0161 763 0822 Email: paul@nolanredshaw.co.uk Contact: Jonathan Pickles Tel: 0161 763 0825 Email: jonathan@nolanredshaw.co.uk

  • Retail centre & long established beautician
  • Producing an income of £108,700 per annum
  • Approximately 0.783 acres
  • Includes parking
  • 3,575 sq. ft existing retail
  • Each party is to be responsible for their own fees incurred in the transaction.

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