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22 Victoria Road West, Cleveleys, FY5 1BS

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011119

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Mixed Shop & Flats Investment

22 Victoria Road West
Cleveleys
FY5 1BS

350000.00

Freehold

REF: 011119

Brochure
Description: A substantial mid terraced 3 storey property occupying a high street location in Cleveleys centre. The property consists of a retail shop rented at £11,800 per annum plus 3 self contained residential flats producing £15,600 per annum. Potential uplift to rent for both shop and flats. Converted to a high standard and building regulation specifications approximately 15 years ago. Fire alarm upgraded in 2023.Popular high street location with other users close by including B&M's, Superdrug, WH Smiths, Iceland and the Halifax.

Location: On the Southerly frontage of Victoria Road West between Kings Road and Slater Road close to Cleveleys Promenade.

Ground Floor: Retail unit 11.1m x 5.1m; store 5.6m x 5.7m; kitchen 3.8m x 2.8m; garage store 4.7m x 4.0m; 2 x wc; store 2.3m x 2.5m; 2changing rooms 2.5m x 1.6m; office 2.4m x 1.8m; Rear access for flats with staircase to covered veranda walk way;

First Floor: Communal hall; Flat A: Inner hall; bathroom; lounge and kitchen; double bedroom; Flat B: Inner hall; lounge; kitchen; double bedroom; shower, wc and wash hand basin;

Second Floor: Flat C: Lounge open plan kitchen; double bedroom; bathroom with over bath shower;

Exterior: Shop forecourt, rear access to flats via a passage and veranda walkway.

Business: Shop: Let on a 5 year lease to November 2025, rent £11,800 per annum.
Flat A: Let at £100 per week (£5,200 per annum).
Flat B: Let at £100 per week (£5,200 per annum).
Flat C: Let at £100 per week (£5,200 per annum).
Current total rental income £27,400 per annum.

Services: All mains services to building, shop pays own utilities. Flats have gas central heating with individual gas and electric meters.

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