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.
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;
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