23/25 Breck Road, Poulton, FY6 7AA

Kays are delighted to present this prime investment opportunity located in the heart of Poulton-Le-Fylde fronting Breck Road. The property comprises the well-established Biviano’s Restaurant at ground floor level (25 Breck Road) together with a suite of modern vacant first-floor offices (23 Breck Road), accessed via private side-entrance.
The restaurant is let on a 10-year Full Repairing and Insuring (FRI) lease from April 2019 at a rent of £18,250 + VAT per annum. The tenant contributes 66.6% towards landlord’s insurance costs and 50% towards structural repair and maintenance costs, recovered by way of service charge.
The first-floor offices generate £7,800 per annum when fully let and contribute the remaining 33.3% towards insurance costs and 50% of structural repair and maintenance costs, also recovered through service charge.
Fully occupied, the property produces a gross income of £25,750 per annum and offers a largely hands-off investment with a yield of approximately 8%.

LOCATION
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 sitting directly opposite Poulton-Le-Fylde train station enhancing access and visibility.

GROUND FLOOR
25 Breck Road (Biviano's) (Approx. 142 Sqm): Open-plan restaurant with feature display kitchen ; WC's ; single-storey garage/store extension
23 Breck Road (Offices): Private entrance ; WC ; Hall & Stairs

FIRST FLOOR
23 Breck Road (Offices) (Approximately 40 Sqm): Landing ; WC ; Kitchenette ; 3 x Offices (12.9 Sqm) (12.9 Sqm) (9.7 Sqm)

EXTERIOR
Single Storey Garage/Store Extention (let to Bivianos) providing internal restaurant access

BUSINESS
Rental Schedule:
25 Breck Road (GF Commercial) - 10 Year FRI Lease from April 2019 - Rent £18,250 + VAT Per Annum - Rent Review April 2024
23 Breck Road - Vacant Possession


SERVICES
All mains services connected

TENURE
Freehold. VAT applicable