Business Summary

Key Features:-

Mixed Use Investment Property Located in a Commercial and Residential Area Sought After Location Ground Floor Shop being marketed for Lease First Floor Flat Owner Occupied.

Property Description:-

A mixed use investment property that comprises of a ground floor shop and first floor apartment.

The ground floor shop is being marketed for lease at a rental of £14,500 pa.

The apartment is owner occupied but will become vacant on the completion of a sale. The owners may look to rent out the apartment prior to a sale being achieved.

The apartment has recently benefited from a newly fitted kitchen and bathroom. It benefits from gas central heating and UPVC double glazing. There are two parking spaces to the rear of the property for the apartment.

We understand that the apartment could achieve a rental income in the region of £600 - £650 pcm. All interested parties are to make their own enquirers regarding rental potential.

The property fronts on Station Road. It can be accessed to the rear of Station Road, for access to the apartment.

This property occupies a strong trading location on Station Road, which connects onto the main high street of Lytham which is Clifton Street.

The area comprises a mix of residential and commercial property, with neighboring established businesses. The surrounding residential areas are densely populated.

Station Road leads to the nearby Booths supermarket and onto Lytham Green and the coastline. Ease of commuting is available along the Fylde coast to St Annes, Blackpool and towards Preston.

Accommodation Comprising

Ground Floor
Ground Floor Shop (could be split into two units):

Retail unit: NIA 85 sq m (915 sq ft).
Includes retail space, storage space, circulation areas and a rear entrance. WC.

Cellar: NIA 26 sq m (280 sq ft).

This retail unit was previously used as a Butchers but can be used for alternative use subject to planning permission.

First Floor
Apartment
Hallway, Lounge/ Dining Room, fitted Kitchen, double Bedroom, double Bedroom, single Bedroom/ Store, Bathroom.

Tenure
Long Leasehold, 999 year lease.

Business
Rental Income
Ground Floor Shop:
Lease details to be confirmed.
Rental income: £8,500 pax.
First Floor Apartment:
Rental income: £6,000 pax.
Let out on an AST Agreement.
Directions
Proceed through Lytham town center along Clifton Street, away from St Annes in a southerly direction.

At the crossroads turn left into Station Road and the property can be found on the left hand side by way of a For Sale board.

Property Details