St. Albans Road, Lytham St. Annes, Lancashire, FY8

DESCRIPTION: **FOR SALE BY AUCTION** On behalf of Pattinson Auctions, Kenricks are pleased to offer this Investment Property for Sale, which consists of a let Retail Unit and a 3-bed Apartment above currently vacant.

The property is situated on St Albans Road, a busy trading location and the retail unit is currently let to Transfurmations, a pet groomers, and the first-floor 3 bedroom apartment is currently vacant but ready to let.

Viewing recommended.

Ground Floor (Approx 671sq ft)
Open Plan shop/retail.
Kitchen Area/Storeroom


Separate Entrance to First Floor Apartment:

First Floor
Fitted Kitchen with exit leading down to the shared
rear yard.
Lounge with feature fireplace.
1 x Double Bedroom
Bathroom comprising 3-piece suite
Separate WC

Stairs leading to:

Second Floor
2 x Double Bedrooms

EXTERIOR: Paved Forecourt and shared yard area to the rear with storage unit.

AGENTS NOTES: The apartment has central heating and is double glazed.
Sale subject to the fees, terms and conditions of Pattinson Auctions.

BUSINESS: We are informed the ground floor retail unit is currently let at rent of £458.33 pcm on a rolling lease. The long-standing tenant is open to agreeing a new lease with the incoming purchaser
The first-floor apartment is currently vacant, when let could draw a rent of £750 pcm.
Total potential annual income of both the retail unit and first floor apartment is £17,000 per annum with a rental uplift.


TENURE: Freehold


PRICE IS A STARTING BID


VIEWING: By appointment through Kenricks