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9-10 Station Terrace, Blackpool, FY4 1HT

£165,000

Business rates & charges may apply

Kays Peake Properties Ltd, Blackpool
SIZE

Ask agent

SECTOR

Mixed use property for sale

Key features

  • Substantial 3 storey mid terraced property
  • The ground floor shop is let at £5,200 pa
  • 5 flats above are vacant and in need of capital investment
  • Potential gross annual income when fully let around £30,000

Description

Substantial 3 storey mid terraced property located on Station Terrace in the South Shore area of Blackpool. The ground floor shop is let as beauty salon producing £5,200 per annum. The 5 flats (3 studio and 2 one bedroom) are vacant and in need of capital investment with a potential income circa £25,000 per annum. Gross annual income when fully let circa £30,000.

LOCATION
Station Terrace is off Lytham Road between Station Road and Osborne Road parallel with the Promenade opposite South Pier.

GROUND FLOOR
Shop unit with kitchen toilet and rear room total 37 sqm.
Separate entrance to flats; hall and stairs; Flat 1 - lounge; kitchen; bedroom; shower and toilet.

FIRST FLOOR
Flat 2 - Lounge and bedroom; kitchen; shower and toilet;
Flat 3 - Lounge and bedroom; kitchen; shower and toilet;

SECOND FLOOR
Flat 4 - Lounge and bedroom; kitchen; shower and toilet;
Flat 5 - Lounge; kitchen; bedroom; shower and toilet.

BUSINESS
Shop let at £100 a week (£5,200 pa).
Flats vacant with potential of £110 a week per one bedroom & £90 a week for the studio flats which would produce £490 a week (£25,480 pa).
Total gross income when fully let £30,000 plus per annum.

SERVICES
Electric and water. Prepaid coin meters to flats.

TENURE
Freehold

Brochures

9-10 Station Terrace, Blackpool, FY4 1HT

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool South Station0.2 miles
  • Blackpool Pleasure Beach Station0.6 miles
  • Squires Gate Station1.3 miles

About Kays Peake Properties Ltd, Blackpool

227-229 Church Street, Blackpool, FY1 3PB

Established in 1948 KAYS Commercial Estate Agents have been selling businesses and hotels across the Fylde coast, Blackpool and the surrounding areas of Lytham, St Annes, Thornton Cleveleys, Fleetwood, Kirkham, Garstang and Preston.

As business transfer agents we specialise in the sale and leasing of hotels, guest houses, bed & Breakfast accommodation, cafes, restaurants, retail businesses, self-catering holiday apartments, care businesses together with commercial premises including shops, warehouses, offices and industrial premises.

KAYS have a wide range of experience and expertise in dealing with residential, commercial and mixed use investment properties in Blackpool and the surrounding area. In addition we offer a full management service for landlords from acquisition, disposal, management and maintenance with the aim of maximizing yields and investment returns.

Whether you are looking to buy a business or premises for your own use, a first time investor or a landlord looking to add to your existing portfolio KAYS can offer you a friendly, professional, effective and efficient service.

KAYS also provides a full residential and commercial management service within Blackpool and further surrounding areas. The ultimate goal is to maximise the value of the asset through effective property management strategies which will maximise the long term value of the property. By listening to our clients and their tenants we ensure that we are continually evolving and improving our service.

Meet the team: https://www.kaysestates.co.uk/our-team/

Notes

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Disclaimer - Property reference 010843. 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 Kays Peake Properties Ltd, Blackpool. 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.

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