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Victoria Square, Thornton-Cleveleys, Lancashire, FY5

Guide Price
£525,000

Business rates & charges may apply

Kenricks Commercial Estate Agents, Blackpool
SECTOR
Commercial property for sale

Key features

  • Investment Property
  • Cleveleys Lancashire
  • Substantial Corner Property
  • Situated in Prime Location
  • HSBC Vacated in August 2021
  • Previous Rental Income £47,120 pa
  • Superb Investment Property
  • Priced to Sell

Property description

Tenure: Freehold

DESCRIPTION: **FOR SALE BY AUCTION**
On behalf of Pattinson Auctions, Kenricks are delighted to offer this superb investment property for sale.

This substantial corner property is situated in the prime location of Victoria Square at the junction with Victoria Road West in the heart of Cleveleys vibrant Town Centre.

The property is currently let to HSBC on a 10yr Lease which expired in August 2021 paying a rent of £47,000 pa - Rent paid up until Jan 2022. In addition part of the building is occupied by a well known and popular jewellery business, paying a peppercorn rent and a ladies gym to the first floor, both paying an annual nominal rent.

Site Area (approx. 0.847 acres/3689sq ft)

Ground Floor
Let to HSBC bank but vacated in August 2021 this part of the property will be sold with vacant possession.

First Floor
Offices.

Second Floor
Offices.

AGENTS NOTES: Due to security at the Bank, it is not possible to arrange internal viewings at the Bank - External Viewings Only.
Sale subject to the fees, terms and conditions of Pattinson Auctions.

BUSINESS: We are informed the property is currently subject to a 10yr lease to HSBC PLC Bank at an annual rent of £47,000 pa, however they have vacated in August 2021 and paid rent until the end of the year. Vacant possession available from 1st Jan 2022.
Ground Floor shop and basement is Leased on a 125yr Lease to Sherratts Jewellers at a Rent of £20.00 per annum.
First Floor Area - currently used as a Ladies Gym and is Leased on a 125yr Lease at a Rent of £100.00 per annum.

TENURE: Freehold.

VIEWING: By appointment through Kenricks .

Victoria Square, Thornton-Cleveleys, Lancashire, FY5

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Poulton-le-Fylde Station2.8 miles
  • Layton Station2.9 miles
  • Blackpool North Station3.9 miles

About Kenricks Commercial Estate Agents, Blackpool

235 Church Street, Blackpool, FY1 3PB

Kenricks Commercial Estate Agents, Blackpool
More properties from Kenricks Commercial Estate Agents, Blackpool

Notes

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Disclaimer - Property reference INV567L. 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 Kenricks Commercial Estate Agents, Blackpool. 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 Kenricks Commercial Estate Agents, Blackpool on 01253 469124.

*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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