Character Victorian Bakery with Accommodation [FY8 5DH]

- About
This long established bakery has been owned by the current proprietors for almost 40 years and has operated as a bakery since 1903. The business offers a rare opportunity to acquire a historic bakery with a substantial three-floor flat, providing an excellent opportunity to live and work in the affluent area of Lytham.

The business is currently trading three days a week as the owners are entering retirement, presenting a new owner with the opportunity to build upon its strong reputation and expand operations. Operating on a part-time basis, the business offers significant potential for growth through increased trading days and further development.

Viewing is highly recommended to fully appreciate the size of the accommodation and the diversity of the opportunity.

- Premises Details
The bakery operates from a spacious ground-floor commercial premises, comprising a retail shop to the front and an extensive bakery and production area to the rear. The property extends significantly, providing ample space for production and operational flexibility.

The premises are licensed for food takeaway until midnight, offering scope for extended trading hours or diversification of services. The business has previously undertaken wholesale and outside catering and, while these services are not currently offered, the space remains well suited for reintroduction, presenting further opportunities for expansion.

The property also includes a three bedroom flat with a separate entrance, which is currently tenanted and generates rental income of £9,000 per annum. The flat comprises a large lounge, a dining room or third bedroom, a kitchen, a bathroom with a separate toilet, and two spacious bedrooms on the upper floor.

To the rear, a yard provides convenient access for deliveries via a service road, supporting efficient day-to-day operations. The property is held on a long leasehold basis, with a 999-year lease at a fixed ground rent of £10.50 per annum, with approximately 900 years remaining.

- Summary
This is a unique opportunity to acquire a long-established bakery within a historic property, located in an affluent and highly desirable area. Currently operating on a part-time basis, the business offers clear scope for growth through increased trading days, expanded product ranges, and the reintroduction of wholesale or catering services. The property also benefits from a spacious three-bedroom flat, providing either additional rental income or owner accommodation. With its strong reputation, excellent location, and development potential, this represents an attractive investment for a new owner looking to enter or expand within the food industry.