16/16A/16B Tithebarn Street , Poulton , FY6 7BX

Kays are delighted to present this prime investment opportunity in the heart of Poulton-le-Fylde. Occupying a prominent corner position on Tithebarn Street, directly opposite Booths and the Teanlowe Centre car park, this substantial two-storey end-terrace fully tenanted property generates a total rental income of £34,800 per annum, offering a gross yield of approximately 9%.
The ground floor is occupied by the well-established and highly regarded restaurant, Nuvo, on a 10-year full repairing and insuring lease from October 2017 at a passing rent of £18,000 + VAT per annum. The first floor comprises two well-presenting two-bedroom apartments, each let at £700 per calendar month (£16,800 per annum combined).
Both commercial and residential units benefit from private access, with a total of four private car parking spaces available to rear. Viewing is highly recommended to appreciate the quality on offer.

LOCATION
The end-terrace property occupies a prominent corner position opposite the Booths/Teanlowe Centre car park and adjacent to the entrance to Aldi supermarket. The property is situated in the heart of Poulton-le-Fylde, an area benefitting from a strong day-time and evening economy enhanced by its excellent local pedestrian access and transport links, with Poulton-Le-Fylde train station a short walk away and Booths Car park directly opposite.

GROUND FLOOR
Restaurant (approx 88.1sqm - sourced from VOA) includes open-plan bar restaurant seating area with male and female guest WC's, and access to fully-equipped commercial kitchen extending to rear via single-storey extension (2 staff parking spaces to rear)

FIRST FLOOR
Flat A (approx. 45 Sqm) - Hall ; living room and enclosed kitchen ; 2-double bedrooms ; shower-over-bath room with WC and hand-wash basin. One parking space to rear.
Flat B (approx. 51 Sqm) - Hall; living room and enclosed kitchen ; 2-double bedrooms ; shower-over-bath room with WC and hand-wash basin. One parking space to rear.

EXTERIOR
A total of four parking spaces to rear (2 x commercial tenant) (2 x residential tenants)

BUSINESS
Schedule:
GF Commercial - 10 Year FRI Lease from 2017 - £18,000 + VAT Per Annum
FF Flat A - AST Private Individual - £8,400 Per Annum
FF Flat B - AST Private Individual - £8,400 Per Annum


SERVICES
GF: All Mains Services
FF: Water, Electricity (Separate Meters)

TENURE
Freehold. VAT applicable.