Commercial property for sale in Park Road, Blackpool FY1
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Property features
- To be offered on Tuesday 16 April
- High Yielding Mixed Use Investment
- Ground Floor Retail with Residential Upper Parts
- Fully Let on a Single Lease
- Producing £10,140 per annum
- Asset Management Potential
- Guide Price Reflects 14.5% Gross Yield
- No VAT
Property description
Strapline
Auction Sale - 15/04/2024
High Yielding Mixed Use Investment in Popular Location.
Let on a Single Lease Producing £10,140 per annum.
Description
The property comprises a high yielding retail investment forming part of a popular local parade.
Arranged as a ground floor retail unit with a residential flat to the first floor, the property is fully let on a single lease producing £10,140 per annum.
The property occupies a corner pitch and forms part of a local retail parade which includes a number of local restaurants and other retail units. There is a premier convenience store immediately opposite.
Tenancy
The whole property is let on a single lease to a private individual who utilises both the ground floor shop and first floor flat. The lease is on full repairing and insuring terms for a term of years expiring XXXX and is producing an annual rent of £10,140 per annum.
We understand a rent deposit of £1,690 is held.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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