Description: Kays are delighted to present this prime investment opportunity in the heart of Poulton-le-Fylde. Occupying a prominent corner position on Tithebarn Street, directly opposite Booths and the Teanlowe Centre car park, this substantial two storey end terrace fully tenanted property generates a total rental income of £34,800 per annum, offering a gross yield of approximately 9%. The ground floor is occupied by the well-established and highly regarded restaurant, Nuvo, on a 10-year full repairing and insuring lease from October 2017 at a passing rent of £18,000 + VAT per annum. The first floor comprises two well-presenting two-bedroom apartments, each let at £700 per calendar month (£16,800 per annum combined). Both commercial and residential units benefit from private access, with a total of four private car parking spaces available to rear. Viewing is highly recommended to appreciate the quality on offer.

Location: The end terrace property occupies a prominent corner position opposite the Booths/Teanlowe Centre car park and adjacent to the entrance to Aldi supermarket. The property is situated in the heart of Poulton-le-Fylde, an area benefitting from a strong day time and evening economy enhanced by its excellent local pedestrian access and transport links, with Poulton-Le-Fylde train station a short walk away and Booths Car park directly opposite.

Ground Floor: Restaurant (approx 88.1sqm - sourced from VOA) includes open plan bar restaurant seating area with male and female guest WC's and access to fully equipped commercial kitchen extending to rear via single storey extension (2 staff parking spaces to rear).

First Floor: Flat A (approx. 45 Sqm) - Hall; living room and enclosed kitchen; 2-double bedrooms ; shower-over-bath room with WC and hand-wash basin. One parking space to rear.
Flat B (approx. 51 Sqm) - Hall; living room and enclosed kitchen ; 2-double bedrooms ; shower-over-bath room with WC and hand-wash basin. One parking space to rear.

Exterior: A total of four parking spaces to rear (2 x commercial tenant) (2 x residential tenants)

Business: Schedule:
GF Commercial - 10 Year FRI Lease from 2017 - £18,000 + VAT Per Annum
FF Flat A - AST Private Individual - £8,400 Per Annum
FF Flat B - AST Private Individual - £8,400 Per Annum

Services: GF: All Mains Services
FF: Water, Electricity (Separate Meters)

Tenure: Freehold. VAT applicable.

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.