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380-382 Talbot Road, Blackpool, FY3 7AT

£775,000

Business rates & charges may apply

Kays Peake Properties Ltd, Blackpool
SIZE

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SECTOR

Mixed use property for sale

Key features

  • Substantial mixed use investment
  • Main Road location
  • Gross yield cica 8.4%

Description

Substantial property located in a main road position in Blackpool.
The mixed investment consists of 4 shop units to the ground floor with 4 spacious self contained 2 bedroom apartments above. Loading and parking to rear. Fully let with long term well established tenants. Current gross rental income £65,500 per annum.

LOCATION
On the Southerly frontage of A586 Talbot Road at its junction with Devonshire Road approx. 1 mile from Blackpool town centre. Local shopping parade in densely populated area.

GROUND FLOOR
380 Talbot Road - Large retail unit and stores - Former Spar supermarket which is sub let as a household bargain store - 475 sqm
380 shop 1 - Funeral Directors - 70 sqm
380 shop 2 - Bargain Booze - 70 sqm
380 shop 3 - Take away - 70 sqm
All sizes taken from the VOA web site not measured by the agent.

FIRST FLOOR
Flat 1: Self contained apartment consisting of lounge; kitchen; 2 bedrooms; bathroom. 67 sqm.
Flat 2: Self contained apartment consisting of lounge; kitchen; 2 bedrooms; bathroom. 93 sqm.
Flat 3: Self contained apartment consisting of lounge; kitchen; 2 bedrooms; bathroom. 93 sqm.
Flat 4: Self contained apartment consisting of lounge; kitchen; 2 bedrooms; bathroom. 75 sqm.


EXTERIOR
Parking and loading to rear

BUSINESS
All commercial leases are on a FRI basis. Tenants are liable for Insurance Rent

380. Large retail unit. Let to James Hall Ltd (Spar). Lease ends 25th December 2030. Sublet to M N Bargains Ltd. No rent reviews. No break clauses. Passing Rent. £19,800 pa.

Shop 1. Funeral Directors. Lease term 10th March 2021 to 9th March 2026. Review end of 3rd Year. Break clause 10th March 2024. (Not exercised).Passing Rent £7,500 pa.

Shop 2. Bargain Booze. 10 year Lease from 26th November 2021 to 25th November 2031. Break clause end of 5th year (6 months notice required). Rent reviews 26th November 2026 and every 5th year thereafter. Passing rent. £7000.00 pa. 6 month rent deposit.

Shop 3. Take away. 21 year lease from 12th April 2010 to 11th April 2031. Rent reviews 12th April 2011 and every 3 years thereafter. Next review date is 12 April 2026. No break clause. Passing rent £7000 p.a.

Flat 1. £498.33 per month. £5980 pa
Flat 2. £480.00 per 4 weeks. £6240 pa
Flat 3. £520.00 per month. £6240 pa
Flat 4. £498.33 per month. £5980 pa

Current passing rents £65,740 per annum.

TENURE
Freehold

380-382 Talbot Road, Blackpool, FY3 7AT

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool North Station0.5 miles
  • Layton Station0.7 miles
  • Blackpool South Station1.9 miles

About Kays Peake Properties Ltd, Blackpool

227-229 Church Street, Blackpool, FY1 3PB

Established in 1948 KAYS Commercial Estate Agents have been selling businesses and hotels across the Fylde coast, Blackpool and the surrounding areas of Lytham, St Annes, Thornton Cleveleys, Fleetwood, Kirkham, Garstang and Preston.

As business transfer agents we specialise in the sale and leasing of hotels, guest houses, bed & Breakfast accommodation, cafes, restaurants, retail businesses, self-catering holiday apartments, care businesses together with commercial premises including shops, warehouses, offices and industrial premises.

KAYS have a wide range of experience and expertise in dealing with residential, commercial and mixed use investment properties in Blackpool and the surrounding area. In addition we offer a full management service for landlords from acquisition, disposal, management and maintenance with the aim of maximizing yields and investment returns.

Whether you are looking to buy a business or premises for your own use, a first time investor or a landlord looking to add to your existing portfolio KAYS can offer you a friendly, professional, effective and efficient service.

KAYS also provides a full residential and commercial management service within Blackpool and further surrounding areas. The ultimate goal is to maximise the value of the asset through effective property management strategies which will maximise the long term value of the property. By listening to our clients and their tenants we ensure that we are continually evolving and improving our service.

Meet the team: https://www.kaysestates.co.uk/our-team/

Notes

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Disclaimer - Property reference 011277. 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 Kays Peake Properties Ltd, 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.

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