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Market Street, Blackpool, Lancashire, FY1 1EX

Guide Price
£269,950

£165.31 per sq ft

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
SIZE AVAILABLE

1,633 sq ft

152 sq m

SECTOR

High street retail property for sale

Key features

  • Three storey mixed use premises
  • Ground/first floor let to Subway
  • Second floor 2 bed apartment
  • Fully tenanted investment
  • Annual income of £25,200
  • Long leasehold (1000y from 1805)

Description

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer this three storey mixed us investment property for sale, which consists of a leased ground floor Subway shop and a 2 bed apartment above. The apartment has central heating and is double glazed. The property currently generates an annual income of £25,200, offering an ideal investment opportunity. Viewing highly recommended.

Please note we have not inspected this property.

Location

The subject property is well located along Market Street, Blackpool. The property is located within Blackpool Town Centre within walking distance of the North Pier and Blackpool Tower. There is easy access to all local amenities and transport links. The subject property is 56 miles north of Liverpool and 80 miles west of Leeds.

Accommodation: Subway

GROUND FLOOR
Main entrance leading to open plan dining area and servery counter fitted out to a very high standard with tiled floors, suspended ceiling and air conditioning.
Kitchen area with air conditioning, tiled flooring and shelving to the walls.

FIRST FLOOR
Open plan dining area with tiled flooring, suspended ceiling and air conditioning.
Storeroom.
Ladies and gents toilet.

Accommodation: Flat

External entrance to the rear of the property.

FIRST FLOOR
Main Entrance and internal staircase leading to second floor.

SECOND FLOOR
Open plan lounge and fitted kitchen with wood effect flooring.
Bedroom 1.
Bedroom 2.
Shower and toilet.

EXTERNAL
Forecourt for the use of Subway. Entrance to apartment to the rear of the property with first floor decking area.

Lease Details

The property is currently let as below:

Ground and first floor - let to a Subway reality UK on a 15 year renewable lease from 2009 at a rent of £20,000+VAT perannum.
Second floor - apartment let on a shorthold tenancy at a rent of £100 per week to a long-standing tenant.

The total annual income is £25,200. Full tenancy information will be provided in the legal pack.

Tenure

Long leasehold of 1000 years from 31 January 1805. Title number LA940777.

Rateable Value

The adopted rateable value is £10,500 as of 1st April 2023. Sourced from VOA.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Brochures

Market Street, Blackpool, Lancashire, FY1 1EX

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool North Station0.4 miles
  • Blackpool South Station1.4 miles
  • Layton Station1.6 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 434715. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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 Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*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.”

Map data ©OpenStreetMap contributors.

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