4 bedroom commercial property for sale

Park Road, Lytham St. Annes, Lancashire, FY8

Offers in Region of £450,000

Property Description

Commercial information

  • Business for sale

Key features

  • Impressive investment property
  • Sought after location in a densely populated area
  • Excellent Scope Superbly Presented
  • Rental return of 15,500 per annum
  • REF:42555

Full description

Tenure: Freehold

DESCRIPTION
This impressive investment property occupies a highly sought after position within this densely populated area of St. Annes. Currently leased out and trading as a cafe, the property occupies a prominent main road position on Park Road. This particular area is a hot spot for this kind of business opportunity and benefits greatly from being amongst a number of complementary businesses ensuring regular footfall throughout the day and night known as the cafe quarter- supported by the local council.

The substantial and imposing 4 storey premises provides a spacious and versatile business accommodation. The ground floor which is presented to an extremely high standard giving the business a clean and hygienic appearance.

There is scope to convert the self-contained living accommodation to shared living accommodation and with some additional modifications if required could help increase the current annual yield of 15,500.

We feel this opportunity should be given serious consideration by anyone currently seeking an investment property of this type.

To purchase such a successful business which occupies a prime trading position, viewing is highly recommended to avoid disappointment.

PROPERTY
A commanding and imposing building that was built in the 1887. The property occupies a prime trading position and property is presented to a superb standard throughout providing deceptively spacious and versatile business accommodation.

RESIDENTIAL ACCOMMODATION
This beautiful property has four bedroom accommodation above the business which comprises of kitchen, dining/lounge area and utility room on the 1st floor.

The 2nd floor comprises of 2 double bedrooms with fire places. The 3rd floor has two large double rooms one with fire place and the other with two velux windows.

The property has secondary double glazing fitted in most rooms and has had new boiler installed within the last 4 years.

TENURE
We are advised that the property is virtual freehold on 999 year lease.

The business is leased out on a full repair 15 year lease with rent reviews every 5 years. The rent is 15,500 per annum.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
We are delighted to be able to offer this rare and fantastic opportunity and we therefore strongly recommended early inspection to avoid disappointment.

More information from this agent

Nearest stations

  • St. Annes-on-the-Sea (0.1 mi)
  • Ansdell & Fairhaven (1.6 mi)
  • Squires Gate (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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 (0.1 mi)
  • Ansdell & Fairhaven (1.6 mi)
  • Squires Gate (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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.

Disclaimer - Property reference 42555. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Kings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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