Available
Blackpool – Retail Shop & Flat
207-209 Park Road, Blackpool, Lancashire FY1 5LNFreehold Retail and Residential Investment
Price
£100,000
Rent P.A.
£10,140
Yield
10.14%
Tenure
Freehold
Lease Term
3 Years
Years Left on Lease
1y 11m
Area
1,600 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises double fronted ground floor shop and 2-bed flat above
- Occupiers close by include Premier Newsagent and a number of local traders.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprised double fronted ground floor shop with internally accessed flat above, providing the following accommodation and dimensions:
Ground Floor: Double Fronted Shop, Storage, Kitchenette
First and Second Floor: 2 Bedrooms, Kitchen, Living Room, Bathroom
Total area size 148 sq m (1,600 sq ft)
Ground Floor: Double Fronted Shop, Storage, Kitchenette
First and Second Floor: 2 Bedrooms, Kitchen, Living Room, Bathroom
Total area size 148 sq m (1,600 sq ft)
Tenancy Description
The entire property is at present let to an Individual for a term of 3 Years from 7th March 2023 at a current rent of £10,140 p.a. and the lease contains full repairing and insuring covenants. Deposit held of £1,690.
Tenancies & Accommodation
Location Description
Blackpool is one of England's foremost holiday resorts and conference centres, having a resident population in excess of 145,000 with a regular tourist trade in the summer months. The town is situated on the North West coast some 58 miles north-west of Manchester and 17 miles west of Preston. The property is situated approximately 3/4 mile south-east of the town centre on the west side of Park Road, close to its junction with Lune Grove. Occupiers close by include Premier Newsagent and a number of local traders.