Investment Property

Clifton Street, Lytham St Annes, Lytham St Annes

£500,000 (Freehold)

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Investment Property

Commercial Investments

REF T9596


DESCRIPTION: Substantial 3 storey property located in a prime location on the high street in Lytham which is a popular busy and affluent Town approximately 6 miles south of Blackpool. The ground floor shop is occupied by Willam Hill at a rent of £18,000 per annum. The two upper floors have a 1 bedroom and a 2 bedroom residential flat let on a Shorthold Tenancy Agreement with a combined rent of £1,075 per calendar month. The property and flats are in very good order having been well managed by the present owner.

LOCATION: Clifton Street is the main high street close to the square with Sainsburys Local opposite and Stringers Department Store on the corner.

ACCOMMODATION
Ground Floor: Single fronted premises let to William Hills bookmakers. Measurements from VOA website confirm the area to be 69.5sqm;

First Floor: Flat 1: Lounge; kitchen; bedroom; bathroom;

Second Floor: Flat 2: Large front lounge; kitchen diner with modern fitted kitchen units; 2 double bedrooms each with en suite bathrooms; study;

RENT SCHEDUAL:
Ground Floor: Let to William Hills Bookmakers – 10 year lease from 23/5/2015 rent £18,000 per annum. Tenant Break Clause 23/5/2020 and rent review.
First Floor: Let on ASTA rent £400 per calendar month (£4,800 per annum).
Second Floor: Let on ASTA rent £675 per calendar month (£8,100per annum).
Total Income: When fully let £30,900 per annum.

SERVICES: All mains services connected

TENURE: 999 year Ground lease

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

95 Clifton Street,Lytham St Annes FY8 5EH

Tenure Type: Freehold
Private Living: No


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