Description: A substantial mid terraced 4 storey property located in a popular local shopping parade at Ansdell which is situated between Lytham and St Annes. The property consist of a Carpet shop to the ground and lower ground floors with two self contained flats to the uppers (1 x 3 bedroom and 1 x 1 bedroom). Current total rental income £24,877 per annum. Long established tenants in a strong affluent location.

Location: Located in a popular local shopping parade at Ansdell which is situated between Lytham and St Annes.

Lower Ground Floor: 4 basement store rooms.

Ground Floor: Double fronted retail shop; office/staff room; rear store; toilet.

First Floor: Flat 1: Lounge; fitted kitchen wall and base units hob and oven; master double bedroom; 2nd and 3rd bedrooms; shower & wc.

Second Floor: Flat 2: Lounge; fitted kitchen wall and base units hob and oven; double bedroom; shower & wc.

Exterior: Rear parking for 2 cars access to shop stores.

Business: Shop premises with cellars
Shop let to The Carpet Store since December 2013.
Current Lease expires 31 December 2025. Rent is fixed at £10,037 per annum payable quarterly.
New lease for 11 years from 01 January 2026. Rent is fixed at £11,941 per annum payable quarterly. Rent Review at 3 year intervals by index (RPI)
Break point at 1 January 2030 and 1 January 2034.

First Floor Flat: Let on an Assured Shorthold tenancy since April 2024.
Rent is £695 per month £8,340 per annum
Last Rent review 22 April 2024

Second Floor Flat: Let on an Assured Shorthold tenancy since January 2015. The current rent is £383 per month £4,596 per annum.
Last Rent review 26 February 2025

Total Annual Gross Rent £24,877.

Services: Mains services. Economy 7 heating to the flats. All tenants pay their own bills including council tax and business rates.

Tenure: Ground leasehold 999 year from 1/11/1899. Ground rent £6 per annum. We are informed the freehold interest can be purchased direct from the head landlord with a previous indication that they would sell for £2,250 plus legal costs. All parties will need to make their own enquiries in this regard.

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