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Red Bank Road, FY2

Guide Price
£400,000

Business rates & charges may apply

Kenricks Commercial Estate Agents, Blackpool
SIZE

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SECTOR

4 bedroom mixed use property for sale

Key features

  • Investment Property Comprising of 2 x Tenanted Retail Units Plus 3 x Self Contained Tenanted Apartments
  • Bispham Blackpool
  • Busy All Year-Round Trading Location
  • Substantial 3 Storey Corner Property
  • Forecourt Car Parking to the Side of Property for 8 Motor Vehicles
  • Currently Draws £38,520 per annum
  • In Immaculate Order Throughout
  • Viewing Highly Recommended

Description

DESCRIPTION: **ONLINE AUCTION SALE** On behalf of Pattinson Auctions Kenricks are delighted to offer this Investment Property for Sale.

This substantial 3 storey property comprises of 2 x ground floor retail units, one is occupied by a flooring contractor and the other a hairdressers / beauty salon, commercial lease agreements are in place for both units. The apartments are to the first and second floors and are all on assured shorthold tenancy agreements, with long standing tenants.
The property benefits from forecourt parking to the side on Oldfield Avenue for 8 motor vehicles.

The property is in immaculate order throughout and needs to be viewed to be fully appreciated.

Ground Floor
90 Red Bank Road (Dapper) (Approx 936 sq. ft.)
Main Showroom (approx. 741 sq. ft.)
Office (approx. 185 sq. ft.)
Toilet (approx. 10.4 sq. ft.)

7 Oldfield Avenue (Koko) (Approx. 638 sq. ft.)
Main Salon (approx.475 sq. ft.)
Kitchen (approx. 57 sq. ft.)
Toilet (approx. 34 sq. ft.)
Beauty Room (approx. 72 sq. ft.)

Communal Entrance leading to:
First Floor and Second Floor
First Floor
90b Red Bank Road
Lounge.
Hallway.
Kitchen with wall and base units and vinyl flooring.
Double Bedroom.
Bathroom comprising 3-piece suite; corner bath with shower above, toilet and wash basin.

90c Red Bank Road
Lounge
Hallway.
Kitchen with wall and base units and vinyl flooring.
2 x Double Bedrooms (one with partial en-suite).
Bathroom comprising 3-piece suite; bath with shower above, toilet and sink.

Second Floor
90a Red Bank Road
Lounge.
Kitchen with wall and base units and vinyl flooring.
Double Bedroom.
Bathroom comprising 3-piece suite; bath with shower above, toilet and sink.

EXTERIOR; Car parking to the side for 8 motor vehicles. Enclosed Communal Yard to the rear which is shared by the retail units.

AGENTS NOTES: The property has double glazing and gas central heating throughout and an L2 fire alarm system installed. All units have separate utilities and their own individual Combi Boilers.
The apartments have coin operated electric meters, the electricity bill is paid by the landlord and the tenants pay their own gas bills.
Sale subject to the fees, terms and conditions of Pattinson Auctions.


TENURE: Freehold.

BUSINESS: We have been informed that the apartments are all occupied on assured shorthold tenancy agreements. 90a Red Bank Road draws £380 pcm and 90b Red Bank Road draws £380 pcm and 90c Red Bank Road draws £500 pcm. The retail unit at 90 Red Bank Road draws £11,000 per annum plus VAT and the retail unit at 7 Oldfield Avenue draws £8,500 per annum plus VAT.
Total current income for the property is £38,520 per annum (including VAT).

PRICE IS A STARTING BID

VIEWING: By appointment through Kenricks .

Red Bank Road, FY2

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Layton Station1.3 miles
  • Blackpool North Station2.0 miles
  • Poulton-le-Fylde Station2.3 miles

About Kenricks Commercial Estate Agents, Blackpool

235 Church Street, Blackpool, FY1 3PB

Notes

These notes are private, only you can see them.

Disclaimer - Property reference INV407M. 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 835721.

*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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