Commercial Property for sale
Clifton Square/ Henry Street Investment, Lytham, Lancashire, FY8 5JP
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Key features:
- PRIME TOWN CENTRE LOCATION
- INVESTMENT PROPERTY
- FRONTING ON TO A BUSY SQUARE
- RENT PASSING £114,125
- FIVE RETAIL UNITS & RESTAURANT TO UPPER FLOORS
- NEIGHBOURING NATIONAL RETAILERS
- VIEWING BY APPOINTMENT ONLY
Full description:
Tenure: Freehold
LOCATION: This investment property occupies a position fronting onto Clifton Square to Lytham town centre. Clifton Square forms a continuation of Church Road, Market Square and Clifton Street the main shopping thoroughfare of Lytham. The town centre boasts an array of national retailers to include Boots the Chemist, Subway, Woolworths, Pizza Express and William Hill bookmakers. High street banks include the Royal Bank of Scotland, Halifax and HSBC. Lytham offers a wide selection of established cafes, wine bars and restaurants with the town centre also being accessed via the coastline and Lytham Green. Lytham provides ease of commuting options into the neighbouring town of St Annes and along the coast to Blackpool. The city of Preston is also nearby with the M55 motorway providing access onto the M6 and motorway network beyond. DESCRIPTION: This three storey commercial property, occupies a corner position and fronts onto Clifton Square. The property returns onto Henry Street. The investment offers future potential for development to the upper floors and the opportunity to improve the strength of tenant covenant to the ground floor. The property comprises of five retail units to the ground floor and restaurant accommodation to the upper floor. A roof mounted antennae is accessed via single room to the second floor. The property occupies a prime and central location enjoying an outlook over the town centre to Clifton Street, the main shopping thoroughfare. The coastline and Lytham Green is within walking distance. No direct approach is to be made to the property or any tenants in occupation. All viewings are by prior appointment through Duxburys Commercial. ACCOMMODATION: 1A Clifton Square: Retail Area: 304 sq ft (28.30 sq m) First Floor Store: 97 sq ft (9 sq m) 1 Clifton Square & 1A Henry Street 1 Clifton Square: Trading Area: 677 sq ft (62.90 sq m) Ancillary space: 228 sq ft (21.2 sq m) 1A Henry Street: Trading Area:131 sq ft (12.20 sq m) Ancillary space:43 sq ft (3.98 sq m) 3A Henry Street: Retail Area: 414 sq ft (38.45 sq m) First Floor Store: 179 sq ft (16.60 sq m) 2/2A Clifton Square: Trading Area: 722 sq ft (67.08 sq m) Ground Floor offices: 97 sq ft (9.00 sq m) First Floor Stores: 206 sq ft (19.10 sq m) 1 Clifton Square - Upper Floors: First Floor Restaurant: 813 sq ft (75.51 sq m) Bar Area: 586 sq ft (54.40 sq m) Ancillary: 825 sq ft (76.66 sq m) Second Floor Storage Space: 1153 sq ft (107.16 sq m) Second Floor Vacant Offices: Offices: 834 sq ft (77.50 sq m) Second Floor room: Let to O2: 248 sq ft (23 sq m)More information from this agent
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