REF: 011910
Location: In a local parade of shops on Station Road which is off Lytham Road and Bond Street.
Ground Floor: The shop (23A) is let at £325 pcm plus insurance (c. £300 p/a) and this includes the garage: Flat 1 Ground floor rear is rented at £95 pw (studio).
First Floor: Flat 2 First floor rear is rented at £100 pw (studio); Flat 3 First floor front is rented at £95 pw (one bed).
Second Floor: Flat 4 Second floor is rented at £95 (one bed).
Exterior: To the rear there is a gated rear yard which is shared with the next door property which could be used for parking.
Business: The flats are all occupied and managed by MK Property and the shop is let by way of tenancy agreement. Total rents currently are £24,220 with potential to increase to over £25,000.
Services: The flats benefit from seasonal gas central heating which is included in the rent and typically costs the landlord c. £700 p/a. The tenants have their own standalone electric heaters for use. The central heating doesn’t include water and is typically on for 2 hours in a morning and 2 hours in an evening from November to April inclusive. Auction House are informed that the property has benefited from a whole new roof in the last 4 years.