Promenade, Blackpool, Lancashire, FY1

DESCRIPTION: Kenricks are delighted to offer this Investment Property for Sale.
This substantial corner 3 storey investment property comprising 6 mixed use commercial businesses is situated on the corner of North Promenade and Cocker Street close to the town centre and North Pier. There are Council Car parks close by.

There may be potential for future development to apartments subject to planning permission.

The property needs to be viewed to be fully appreciated.

No. 218 North Promenade - Lodge Hotel
Unit 1 15-bedroom hotel with private car parking to the rear.

Ground Floor
Entrance hall:
Lounge.
Dining Area/ Bar.
Kitchen.
Storeroom.
Bathroom.
Yard.

First Floor
5 Double Bedrooms - 4 En - suite.
1 Single Bedroom.
Toilet.
Private lounge.
2 Bedrooms.
Shower room.
Stores.

Second Floor
3 Family Bedrooms- All En-Suite.
5 Double Bedrooms- All En suite.
1 Single Bedroom.
Toilet.
Shower room.
Storeroom

Third Floor
Attic unused with 2 Bedrooms.
Showroom.

No.220 North Promenade & 1 & 2 Cocker Square
Unit 2 Promenade Toys, Sweets, Rock, Ice Cream, Off Licence

Gound Floor (Approx 425 sq ft)
Office.
Stores.
Basement Area with toilet.

No. 3 Cocker Square
Unit 3 - (approx.. 120 sq. ft) - Retail Gifts.
Single unit kitchenette.
Toilet.
Mezzanine storage.


No 4 & 5 Cocker Square
Unit 4 - (approx. 500 sq. ft plus) - Preloved collectables
Double unit with stores.
Toilet.
Half basement store and toilet.


No. 6 Cocker Square
Unit 5 - Lodge Guest House.

Ground Floor:
Entrance hall & stairs.
Basement storage rear yard.

First Floor:
Laundry store with boiler.
2 Twin bedrooms - En- Suite.
Guest lounge.
Office.
Dining kitchen.

Second Floor:
4 Bedrooms - En - suite.


No.7 Cocker Square
Unit 6 - Cafe

Ground Floor
Corner cafe with 24 covers.
Kitchen/servery.
Toilet.
Forecourt seating with 10 covers.
Rear yard.
Basement store.

EXTERIOR; Unit 1 has car parking and a yard to the rear. Unit 6 has a yard to the rear and forecourt seating to the front.


AGENTS NOTES: L2 fire alarm system installed. All units have separate utilities and their own individual Combi Boilers.


BUSINESS:
Unit 1: 3 year lease from December 2024. Rent £16,800pa. (same tenant since 2018).
Unit 2: Current tenant holding over after 9 years. Rent £12,000pa.
Unit 3: 1 year lease from November 2024 plus option for further 2 years. Rent £2,600pa (increase £3,120pa in 2026).
Unit 4: 1 year lease from December 2024 plus option for further 2 years. Rent £4,160pa (increase £5,200 pa in 2026).
Unit 5: 3 years from December 2024. Rent £7,200pa.
Unit 6: 3 years from December 2024. Rent £6,400pa.

Current rental income £49,160 per annum with potential uplift to £50,730 in 2026/27.


TENURE: Freehold.


VIEWING: By appointment through Kenricks .