Description: Substantial property located in a main road position in Blackpool. The mixed investment consists of 4 shop units to the ground floor with 4 spacious self contained 2 bedroom apartments above. Loading and parking to rear. Fully let with long term well established tenants. Current gross rental income £65,500 per annum.

Location: On the Southerly frontage of A586 Talbot Road at its junction with Devonshire Road approx. 1 mile from Blackpool town centre. Local shopping parade in densely populated area.

Ground Floor: 380 Talbot Road - Large retail unit and stores - Former Spar supermarket which is sub let as a household bargain store - 475 sqm
380 shop 1 - Funeral Directors - 70 sqm
380 shop 2 - Bargain Booze - 70 sqm
380 shop 3 - Take away - 70 sqm
All sizes taken from the VOA web site not measured by the agent.

First Floor: Flat 1: Self contained apartment consisting of lounge; kitchen; 2 bedrooms; bathroom. 67 sqm.
Flat 2: Self contained apartment consisting of lounge; kitchen; 2 bedrooms; bathroom. 93 sqm.
Flat 3: Self contained apartment consisting of lounge; kitchen; 2 bedrooms; bathroom. 93 sqm.
Flat 4: Self contained apartment consisting of lounge; kitchen; 2 bedrooms; bathroom. 75 sqm.

Exterior: Parking and loading to rear

Business: All commercial leases are on a FRI basis. Tenants are liable for Insurance Rent

380. Large retail unit. Let to James Hall Ltd (Spar). Lease ends 25th December 2030. Sublet to M N Bargains Ltd. No rent reviews. No break clauses. Passing Rent. £19,800 pa.

Shop 1. Funeral Directors. Lease term 10th March 2021 to 9th March 2026. Review end of 3rd Year. Break clause 10th March 2024. (Not exercised).Passing Rent £7,500 pa.

Shop 2. Bargain Booze. 10 year Lease from 26th November 2021 to 25th November 2031. Break clause end of 5th year (6 months notice required). Rent reviews 26th November 2026 and every 5th year thereafter. Passing rent. £7000.00 pa. 6 month rent deposit.

Shop 3. Take away. 21 year lease from 12th April 2010 to 11th April 2031. Rent reviews 12th April 2011 and every 3 years thereafter. Next review date is 12 April 2026. No break clause. Passing rent £7000 p.a.

Flat 1. £498.33 per month. £5980 pa
Flat 2. £480.00 per 4 weeks. £6240 pa
Flat 3. £520.00 per month. £6240 pa
Flat 4. £498.33 per month. £5980 pa

Current passing rents £65,740 per annum.

Tenure: Freehold

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.