Commercial Property for sale

Wood Street, St Annes On Sea, FY8 1QG

£695,000

Property Description

Key features

  • INVESTMENT OPPORTUINTY
  • POSSIBLE SCOPE FOR SEP. TITLES
  • 6 APARTMENTS + 2 SHOP PREMISES
  • ESTABLISHED TRADING POSITION
  • INCOME circa 60/65k P ANNUM, EPC D

Full description

- ST ANNES INVESTMENT OPPORTUNITY - SUBST. DOUBLE RESTAURANT PREMISES - IMPOSING CORNER RETAIL PREMISES & 6 SUBSTANTIAL 3 BEDROOM & 2 BEDROOM APARTMENTS - INCOME 2014/2015 £60,000 (( POTENTIAL IRO £65/£70,000 PER ANNUM)) - HUGE SCOPE TO SEPARATE RESIDENTIAL APARTMENTS FOR INDIVIDUAL TITLES - SOME APARTMENT SIZES UP TO 100 M2 - RETIREMENT SALE.

A quite unique opportunity to purchase an investment in the desirable Fylde Coastal town of St Anne's On Sea. This particular building is located immediately parallel to the main shopping square and just a short stroll from the Promenade, Marks & Spencer and the Towns Main Bus and Rail routes. The current arrangement provides a fully occupied ground floor investment comprising; a Double fronted Restaurant Premises plus Substantial Corner Retail Premises. The upper floors comprise 6 apartments - 4 x 2 Bedroom Apartments & 2 x 3 Bedroom Apartments of exceptionally generous proportion. The apartments may well be regarded suitable for title separation.

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COMMERCIAL/RETAIL
GROUND FLOOR: - CORNER SHOP PREMISES & BASEMENT
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- Appx 920 sq ft (85.47 M sq) currently tenanted as a fashion shop - Rent £12,000 Per Annum - 3 Yr Lease from November 2013

LOWER GROUND FLOOR: Storage - Appx. 475 sq ft - (44.13 M sq)

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GROUND FLOOR: - DOUBLE FRONTED OPEN PLAN RESTAURANT & BASEMENT
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- Appx 2,156 sq ft (200.29 M sq) currently tenanted as a Restaurant - Rent £20,000 Per Annum (although only paying £18,000 Per Annum) - New lease in negotiation at present.

LOWER GROUND FLOOR: Storage appx. 860 sq ft (79.89 M sq)

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RESIDENTIAL - APARTMENTS ARE SPLIT ACROSS THREE BLOCKS AND ARRANGED AS 4 x 2 BEDROOM UNITS & 2 X 3 BEDROOM UNITS.
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- Sample apartment specification/s as follows.

FLAT 8 - 3 Bedroom Apartment - Overall Unit Size- Length x Width - Appx 55 ' x 20 '

Separate Lounge - 17 ' x 12 ' --- Separate Kitchen - 16 ' x 12' --- Bedroom 1 - 11' 09 x 8' 00 --- Bedroom 2 - 15' 04 x 11 --- Bedroom 3 - 15 ' 07 x 12 ' --- Bathroom 12 ' x 8 ' --- Storage Room.
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FLAT 3 - 2 Bedroom Apartment -

Separate Kitchen - 12 ' 09 x 10 ' 04 --- Separate Lounge 17 ' 10 x 13 ' 01 --- Bedroom 1 13 ' 06 x 13 ' 08 --- Bedroom 2 --- 12' 10 x 8 ' 00 --- Bathroom - Storage Room/Laundry.

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FLAT 2 - 2 Bedroom Apartment - -

Separate Kitchen - 13 ' x 9'02 --- Separate Lounge - 17' 07 x 12' 02 --- Bedroom 1 - 14' 00 x 13' 07 --- 13' 00 x 8' 00 --- Bathroom - Storage Rooms x 2

SERVICES: Apartments - Gas Central Heating - Electric Meters - Intercom System

EXTERIOR: We are informed the land at the rear - with the exception of a small portion - is separately owned. Nevertheless we are informed that there is a pedestrian right of way.

At the time of inspection the flats were let and currently attract - between £480.00 & £500.00 PCM

LAND LEASE - 999YR Lease from 1893 @ £9.96 Per Annum. - .

Nearest stations

  • St. Annes-on-the-Sea (0.2 mi)
  • Ansdell & Fairhaven (1.6 mi)
  • Squires Gate (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Broomheads Commercial Agents , Blackpool

274 Church Street, Blackpool, FY1 3PZ

01253 469106 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • St. Annes-on-the-Sea (0.2 mi)
  • Ansdell & Fairhaven (1.6 mi)
  • Squires Gate (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Broomheads Commercial Agents , Blackpool

274 Church Street, Blackpool, FY1 3PZ

01253 469106 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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