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22 Victoria Road West, Cleveleys, FY5 1BU

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011119

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Mixed Shop & Flats Investment

22 Victoria Road West
Cleveleys
FY5 1BU

300000.00

Freehold

REF: 011119

Brochure
Description: A substantial mid-terraced, three-storey property occupying a prime high street location in the centre of Cleveleys. The property comprises a retail shop, currently let at £11,800 per annum, along with three self-contained residential flats generating £18,760 per annum. There is potential for rental uplift on both the shop and the flats. The property was converted to a high standard in accordance with building regulations approximately 15 years ago, with the fire alarm system upgraded in 2023. Situated in a popular high street location, neighbouring occupiers include B&M, Superdrug, WH Smith, Iceland, and Halifax.

Location: Located 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 ; Two WCs; Store: 2.3m x 2.5m; Two Changing Rooms: 2.5m x 1.6m; Office: 2.4m x 1.8m.

Rear access to the flats with a staircase leading to a covered veranda walkway.

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 £126.92 per week (£6,600 per annum).
Flat B: Let at £100 per week (£5,200 per annum).
Flat C: Let at £133.85 per week (£6,960 per annum).
Current total rental income £30,560 per annum.

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

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

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