Mixed commercial and residential investment on Red Bank Road at Bispham. The commercial aspect was let to a long established Hairdresser with 2 residential apartments above let separately and producing a total rental income of £16,500 pa. A sale was agreed to an investor down South who was pleased with his 12% yield.
Kays where acting for an old established client in disposing of the substantial corner property consisting of two shops and a residential flat above. The seller was taking a lease back on her Hairdressing Business with the adjoining Barbers Shop already let and additional income from the flat. The purchaser from the Cornwall area was… Read more »
This commercial investment was on the market for £125,000 and was occupied by a Beauty Salon Business on a 5 year FR&I lease with a passing rent of £11,000 pa. An investor from Cornwall acquired the property pleased with its 9% yield.
Kays have recently been involved in the sale of The Comrades Club in Blackpool Town Centre. The Club had ceased trading and in conjunction with Pugh & Co Auctioneers the property sold from a guide price of £125,000 to £140,000.