Skip to content

Commercial property for sale

499 Promenade, Blackpool, FY4 1BA

£775,000

Business rates & charges may apply

Kays Peake Properties Ltd, Blackpool
SIZE

Ask agent

SECTOR

Commercial property for sale

Key features

  • Substantial 3 storey property on the Promenade at South Shore
  • Occupied by 2 long standing commercial tenants
  • Current rental income £77,750 per annum

Description

A substantial 3 storey property located in a prime Promenade position next door to the Wetherspoons Velvet Coaster pub opposite South Pier. The property also fronts onto Simpson Street with other attractions close by include the famous Pleasure Beach theme park, Grosvenor Casino and the Sandcastle Waterpark. The building is occupied by two long standing commercial tenants producing a current rental income of £77,750 per annum. Opportunity to acquire a commercial investment in a prime location on Blackpool Promenade producing a 10% initial gross yield.

LOCATION
The property is located immediately south of the junction of the Promenade and Station Road in a prime promenade position next door to the Wetherspoons Velvet Coaster pub opposite South Pier. Other attractions close by include the famous Pleasure Beach theme park and the Sandcastle Waterpark.

GROUND FLOOR
Fish and chip shop together with forecourt kiosks. Approx. sizes sourced from VOA web site confirm 115 sqm.

FIRST FLOOR
Restaurant and steakhouse. Approx. sizes sourced from VOA web site confirm 128 sqm.

SECOND FLOOR
Restaurant and steakhouse continued. Approx. sizes sourced from VOA web site confirm 155 sqm.

BUSINESS
Lease Schedule;

499 Promenade ground floor and forecourt kiosks - 10 year term from 27th June 2023. Rent £68,000 per annum. 5 year rent review June 2028.

499a Promenade first and second floor - 10 year lease from August 2018. Rent £9,750 per annum. Review August 2028.

SERVICES
All mains.

TENURE
Freehold.

Brochures

499 Promenade, Blackpool, FY4 1BA

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool South Station0.4 miles
  • Blackpool Pleasure Beach Station0.5 miles
  • Squires Gate Station1.2 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

These notes are private, only you can see them.

Disclaimer - Property reference 011649. 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.