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Commercial Property for sale

Newmarket Street, LA4

Removed £90,000

Property Description

Key features

  • For Sale
  • Commercial Property
  • Two floors
  • Includes Upstairs Flat
  • Rental Producing Income
  • Great Potential
  • Great Investment

Full description

This property occupies an excellent corner position on in the popular are of Morecambe, within close proximity to the promenade and Princes crescent shopping centre.

A perfect opportunity for an Investor to acquire this property consisting of two Ground Floor unit ( 1 x bakery already trading and income producing and 1 x corner take away with A3 usage)
Also there is a two bedroom flat above with separate entrance consisting of two double rooms, kitchen and bathroom with double glazed windows and central hearting

This property has lots of potential and is the perfect investment opportunity.
Income from individual rentals
> Bakery = £ 240.00 per month already tenanted
> Corner takeaway = potentially asking for £250.00 per month
> 2 bed flat = potentially asking for £350.00 per month

The property is situated over 2 floors and provides the following approximate net internal floor areas:

Ground Floor bakery:-
Retail Zone A: 16m²/ 172 ft² ( 4.9m x 4.3m)
Internal Storage: 2.7m²/ 29 ft² (1.9m x 1.4m)
Double glazed windows, waiting area, cutting area, 2 x wash basins, modern lighting. There is also access to a rear yard.

Corner ground floor Take way:-
Retail Zone A: 23m²/ 247 ft² (2.7m x 2.6m)
Double glazed windows, tiled floor, counter, lighting, kitchen area with equipment, prep area.

First floor 2 bed flat:-
Entrance with stairs leading to the flat which consist of 2 double bedrooms with double glazed windows, electric heaters, carpets and lighting. A kitchen with wall and base units, double glazed windows, electric heaters and available space for appliances. The bathroom includes shower cubicle, W/C and hand basin which is fully tiled.

All measurements have been made in accordance with the RICS Code of Measuring Practice

Mains gas, electricity and water supplies are laid on, drainage to main sewer and assumed to be in working order.

The premises are considered suitable for bakery which is currently trading and a takeaway with A3 usage.
Prospective Tenant are advised to make their own enquiries to Morecambe Council's Planning Department.

A copy of the EPC is available in due course or the can be inspected at your local Kingswood office.

Rating assessment:
The Valuation Office Agency website describes the premises as being assessed as a

Shop And Premises
Rateable value £1375.00

Shop And Premises
Rateable value £990.00

All rents and prices quoted are or may be subject to the addition of VAT at the prevailing rate.

Legal Cost:
Each party are to be responsible for their own legal costs incurred in the transaction.

Strictly through Kingswood on an appointment basis only.
Please contact Kingswood on:
Preston City Centre Office: 01772 88 65 55, Unit 8, Fishergate, Preston, PR1 2NJ
Fulwood Office: 01772 71 71 81, 77 Watling Street Road, Fulwood, Preston, PR2 8EA

These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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