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COMMERCIAL

Park Road, Lytham St. Annes

£364,000
County Estate Agents Ltd, Lytham Saint Annes
PROPERTY TYPE

Retail Property (high street)

SIZE

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Key features

  • GREAT INVESTMENT OPPORTUNITY TO PURCHASE WELL ESTABLISHED RETAIL UNITS IN THE HEART OF ST ANNES
  • 2 Fully refurbished units - exterior fully refurbished in 2022
  • Car parking spaces for both units, Rear yard, Staff space and Huge storage areas
  • Privately owned forecourts

Description

•Great Investment Opportunity in the heart of St Annes

•2 Fully refurbished retail units – (option to purchase individually )

•Business Unaffected – 4 yrs left on Current lease at 28k per annum

•Full Exterior refurb in 2022 completed

•Complete with car parking, rear yard and storage.

•Fully air conditioned, fire alarmed & security shutters

•Forecourt Fully owned with property.

•Well established retail units with the same owners for 23 yrs.

Are You Ready To Change Your Financial Future? - Are you stuck paying rent when you could buy?

Own your own business premises and build up equity for your future/Pension

If you are looking for a 9% return on your investment in a solid fully refurbished commercial property take this one off opportunity to purchase a set of highly refurbished retail units in a prime, proven location.
LARGE TWIN RETAIL UNIT FOR SALE - 5 & 5A PARK ROAD, ST ANNES - KNOWN AS CUBE

The units would suit a variety of uses with private car parking and forecourt.

5 Park Road - Large Retail unit of 800 sqft

Privately owned forecourt

Air Conditioning, NIC Certificates, LED Lighting.

Fully fire alarmed and security shutters fitted.

Cellar with massive storage space, Stock Rooms and Offices

Car parking space and rear yard

Business Rates - on Small Business Rates Relief - zero fees






.

5A Park Road - Large Retail unit of 1000 sqft

Privately owned forecourt

Air Conditioning, NIC Certificates, LED Lighting.

Fully fire alarmed and security shutters fitted.

Cellar with huge storage space and delivery entrance, Stock Rooms and Offices

Car parking space and rear yard

Business Rates - on Small Business Rates Relief - zero fees

Why Is This A Solid Investment? - Double unit at £364,000
5 Park Road at £165,000
5a Park Road at £199,000

Double unit at £364,000

Purchase price £364,000
Rental over 20 years at 28k to 30k per annum is £600k
Future sale price of property in 20 years assumed at £500k based on 2% inflation

Total return on investment £736,000 gross

These projections are based on current model which has been proven over the last 23 years.

Brochures

Park Road, Lytham St. AnnesBrochure

Park Road, Lytham St. Annes

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • St. Annes-on-the-Sea Station0.1 miles
  • Ansdell & Fairhaven Station1.6 miles
  • Squires Gate Station2.0 miles

About the agent

County Estate Agents Ltd, Lytham Saint Annes

7 Orchard Road, St. Annes, Lytham St. Annes, FY8 1RY

COUNTY ESTATE AGENTS is an independent local company, specialising in the sale and rental of residential property in Lytham St Annes.

Our prominent high street location on Orchard Road in the heart of St Annes is open 7 days a week and provides us with the perfect position to market and sell or rent your property.

We have an excellent reputation for our personal service and our enthusiastic team will guide you through the selling or letting process with ease.

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Industry affiliations

Notes

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Disclaimer - Property reference 32876040. 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 County Estate Agents Ltd, Lytham Saint Annes. 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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