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63, 65, 65A Victoria Road West & , Thornton-Cleveleys, FY5

Guide Price
£450,000

Business rates & charges may apply

Auction House North West, Commercial
SECTOR
Office for sale

Key features

  • Auction Date: 22nd - 24th June 2021 - Online Auction

Property description

• Multi-Let Retail & Office Investment
• 3 x retail units, café & vacant upper floor offices
• Currently Producing £47,500 pa increasing to £49,500 pa
• When fully let £52,700 pa rising to £54,700 pa
• Prime Location in town centre

Multi-Let Retail & Office Investment Currently Producing £41,200 pa increasing to £43,200 pa – Potential To Increase To £48,400 pa When Fully Let

Multi-let retail and office investment property, briefly comprising three retail units, cafe (all let) plus vacant upper floor offices.

The upper floor offices may lend themselves to residential conversion subject to the required consents being obtained.

Externally there are 3 car parking spaces

Location
Occupying a prime location in the centre of Cleveleys with nearby occupiers including M&S Foodhall, Poundland and Wilko’s.

Tenancy Schedule
63 Victoria Road West – holding over by way of 6 year lease which expired November 2020 at £12,000 pa

65 Victoria Road West – holding over by way of expired 6 year lease at £13,200 pa

65a Victoria Road West – vacant upper floor offices (4x offices, kitchen & WC) approximately 630 sqft / 58.5 m2

1a Nutter Road – 7 year lease from April 2019 at £8,000 pa. Tenant break November 2021, rent review April 2022.

1b Nutter Road – 3 year lease from May 2021 at £8,00 pa Year 1, £9,000 pa Year 2 & £10,000 pa Year 3.

Total Rent £41,200 rising to £43,200 pa
ERV when fully let £46,400 pa rising to £48,400 pa

We are informed that all tenants pay a proportion of insurance in addition to usual outgoings ie business rates etc.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.


Tenure
See Legal Pack

EPC Rating: C, D,D,D,F

Additional Fees
Administration Charge: 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

63, 65, 65A Victoria Road West & , Thornton-Cleveleys, FY5

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Poulton-le-Fylde Station2.9 miles
  • Layton Station3.0 miles
  • Blackpool North Station3.9 miles

About Auction House North West, Commercial

14 St Mary’s Parsonage, Manchester, M3 2DF

Auction House North West, Commercial

At Auction House North West we sell from a diverse catalogue, offering specialist advice both in the residential and commercial sectors. We provide unrivalled coverage of the North West region with active offices in both Manchester City Centre and Preston.

The creation of ‘Auction House North West’ is testament to the direct demands of North West Investors, who are constantly seeking speedy and transparent options to both purchase stock and dispose of their existing property portfolios,

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference ah_northwest_1470204_36785. 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 Auction House North West, Commercial. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House North West, Commercial on 0161 468 0073.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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