For SaleOffice Investment

Established Office InvestmentThe Shakespeare Centre, 45 - 51 Shakespeare Street, Southport, PR8 5AB

3,290.40 Sq M (35,418 Sq Ft) on a site area of0.41 ha (1.01 Acres)

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Freehold.•Comprising ground and 3 upper floors and 109car spaces.

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Current rent passing approx. £201,000.•Lambert Smith Hampton5 St Paul's Square, Liverpool L3 9SL T +44 (0)151 236 8454

The Shakespeare Centre, 45 - 51 Shakespeare Street, Southport, PR8 5AB

LocationThe property occupies a prominent location frontingShakespeare Street, close to Southport Town Centre.

The surrounding area is largely residential withShakespeare Street being the local centre with shops,cafes etc. The street was highlighted recently in a localnewspaper as being a "bustling road with real finds andservices". Shakespeare Street is a main bus route, beingof mixed use, predominately retail and business services,as well as being home to the newly constructed SalvationArmy Headquarters.

Shakespeare Street leads to the A570 Eastbank Streetwhich in turn leads to Lord Street and Southport towncentre, approximately 1/2 a mile north west of thesubject property.

Description

The property comprises a detached 4 storey officebuilding built originally in the late 1960's/1970's offramed construction. Externally, it is phased with brickand benefits from UPVC double glazing.

Internally, the property is divided on each floor into amulti-let office building and finished to the followingspecification:

Painted plastered walls and ceilings/carpeted floors.•Fluorescent strip lighting.•Full gas central heating.•Lift access to all floors.•24 hour access.•Intruder alarm.•CCTV.•Car park with space for 109 cars.•

The property is managed by a full time PropertyManager.

AccommodationWe have been provided with the Net Internal Area (NIA)of the property as follows:

Site area 0.41 ha (1.01 acres).

Area Sq M Sq FtGround Floor 905.89 9,751Mezzanine Floor 97.55 1,050First Floor 534.75 5,756First Floor Mezz 358.60 3,860Second Floor 415.45 4,472Second Floor Mezz 354.80 3,819Third Floor 158.86 1,710Fourth Floor 464.51 5,000Total 3,290.41 35,418

VAT

We understand that the property is elected for VAT andtherefore VAT will be charged on the transaction.

Legal Costs

Each party to be responsible for their own legal costsincurred in any transaction.

Business Rates

A schedule of the rating assessment as entered into the2010 Rating List is available upon request.

Terms

The intention is to sell the property by way of a Transferof a Going Concern (TOGC).

Further information to include guide price is availableupon request.

Tenure

The property is held freehold under 7 individual titles.Further information is available upon request.

Tenancies

The property is let to 19 individual tenants with a rentpassing of £201,341 per annum as at 28 February 2016.A service charge, which includes the cost of the full timeproperty manager is collected from the tenants currentlyat approximately £73,500 per annum. The charge alsocovers the maintenance and upkeep of common parts aswell as heating of the entire building and lighting ofcommon areas.

At present, only 2,278 sq ft out of the net internal areaof 35,418 sq ft is currently vacant.

A pack of information is available upon request toinclude the following:

•Tenancy schedule.•Land registry entries and associated plans.•Schedule of outgoings.•Schedule summarising occupancy levels over the past 7years.•Service charge schedule 2010 to 2014.

Energy Performance Certificate

The property has an Energy Performance CertificateRating in Band D, a copy of which is available uponrequest.

Viewing and Further InformationViewing strictly by prior appointment with the soleagent:

Robert DiggleLambert Smith Hampton0151 236 845407979 541260rdiggle@lsh.co.uk

The Shakespeare Centre, 45 - 51 Shakespeare Street, Southport, PR8 5AB

Internal Space

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Internal Space

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© Lambert Smith HamptonDisclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that:(i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer

or contract.(ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory

or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property.

(iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all.

(iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position.(v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising

from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH.(vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities,

infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.

The Shakespeare Centre, 45 - 51 Shakespeare Street, Southport, PR8 5AB

Aerial View

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March 2016