Description: Substantial 3 storey mid terraced property located on Station Terrace in the South Shore area of Blackpool. The ground floor shop is let as beauty salon producing £5,200 per annum. The 5 flats (3 studio and 2 one bedroom) are vacant and in need of capital investment with a potential income circa £25,000 per annum. Gross annual income when fully let circa £30,000.

Location: Station Terrace is off Lytham Road between Station Road and Osborne Road parallel with the Promenade opposite South Pier.

Ground Floor: Shop unit with kitchen toilet and rear room total 37 sqm.
Separate entrance to flats; hall and stairs; Flat 1 - lounge; kitchen; bedroom; shower and toilet.

First Floor: Flat 2 - Lounge and bedroom; kitchen; shower and toilet;
Flat 3 - Lounge and bedroom; kitchen; shower and toilet;

Second Floor: Flat 4 - Lounge and bedroom; kitchen; shower and toilet;
Flat 5 - Lounge; kitchen; bedroom; shower and toilet.

Business: Shop let at £100 a week (£5,200 pa).
Flats vacant with potential of £110 a week per one bedroom & £90 a week for the studio flats which would produce £490 a week (£25,480 pa).
Total gross income when fully let £30,000 plus per annum.

Services: Electric and water. Prepaid coin meters to flats.

Tenure: Freehold

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.