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SOLD STC

17/19 Alexandra Road, Blackpool, FY1 6BU

£350,000

Business rates & charges may apply

Kays Peake Properties Ltd, Blackpool
SIZE

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SECTOR

Commercial property for sale

Description

Investment opportunity producing £30,000 per annum rental income. A substantial detached 4 storey hotel located immediately off the Promenade in a popular holiday area between Central and South Piers. The hotel is tenanted on a 15 year FRI commercial lease from January 2025 with a current passing rent at £30,000 a year. 3 year rent reviews.
Currently providing a 8.6% yield
Please not the property is tenanted on a 15 year commercial lease vacant possession is not available for a purchaser to operate. The tenants own the business and equipment.


LOCATION
On the Southerly frontage of Alexandra Road at South Shore immediately off the Promenade between Central & South Piers and convenient for all attractions.

LOWER GROUND FLOOR
4 unused basement stores

GROUND FLOOR
Reception area and back office; disabled wc; lift (not in use); 2 triple en suite disabled friendly letting bedrooms with en suite wet rooms; spacious dining room; large kitchen; pot wash room; bar lounge;

FIRST FLOOR
Upper 3 floors - 28 en suite letting rooms : Total 30 en suite bedrooms.

EXTERIOR
Ramp to front door. Parking front & side

BUSINESS
The Hotel is let on a 15 year FRI lease dated 1st January 2025, Passing rent £30,000 per annum. 3 year rent reviews. Rent paid monthly.


NB: The business and all the equipment belongs to the current tenant.

SERVICES
Tenants responsible for all outgoings.
All mains services. Gas central heating. Lift to all floors (Not in use by choice).

TENURE
Freehold subject to current tenancy.

17/19 Alexandra Road, Blackpool, FY1 6BU

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool South Station0.3 miles
  • Blackpool Pleasure Beach Station0.9 miles
  • Blackpool North Station1.4 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 011095. 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.

Map data ©OpenStreetMap contributors.

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