St Marks Medical Centre Derby Road, Southport, PR9 0TZ
FREEHOLD INVESTMENT OPPORTUNITY, to be sold by the registered proprietor. St Marks Medical Centre Occupational Lease in place for 20 years since 2005, Current Rental Income of £130,000 per annum + Vat on internal repairing and insuring terms with rent review notice being served at £200,000 + vat per annum. NHS backed covenant through Rent Rebate. Based on reviewed rent as per notice the net yield allowing for 6.75% purchase cost is 12.5%. The current yield on passing rent is 8.1%.
The building itself was originally Church Street chapel, later became known as St Marks Methodist Church but had to close shortly before its centenary. In 2005 it became St Marks Medical Centre and Pharmacy.
As a Grade II listed building, the exterior still stands proudly on the corner of Church Street and Derby Street.
St Marks Medical Centre and Pharmacy utilises the original church building and later the ground floor additions. The consulting rooms and administrative offices have been created by building a two-story structure within the shell of the grade II listed church.
The building and the ground floor annex has a gross floor area of 12,908 Sq.ft.
Externally there is a large car park and secure entrance gates.
The purchase price is + vat.