380-382 Talbot Road, Blackpool, FY3 7AT
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
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 £69,024 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. 3 year Lease term from 10th November 2025. Passing Rent £8,000 pa.
Shop 2. Bargain Booze. 10 year Lease from 26th November 2021 to 25th November 2031. Break clause 27th May 2027 (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 12th April 2029. No break clause. Passing rent £8000 p.a.
Flat 1. £520.00 per month. £6240 pa
Flat 2. £595.00 per month. £7140 pa
Flat 3. £572.00 per month. £6864 pa
Flat 4. £498.33 per month. £5980 pa
Current passing £69,024 per annum.
TENURE
Freehold
380-382 Talbot Road, Blackpool, FY3 7AT
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
Notes
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.
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 Kays Peake Properties Ltd, Blackpool on 01255 442053.
*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.”