Mixed Investment Property

DESCRIPTION: Mixed use investment property located in the popular market town of Poulton-le-Fylde. The property consists of a ground floor Mexican restaurant let on a 10 year lease from 1st December 2014 with a passing rent of £16,800 per annum. The upper floor provides a self contained 3 bedroom flat let on a AST at £540 per calendar month. Total annual income £23,280 producing a 7.3% yield. The adjoining investment property is also available if a larger investment is required.

LOCATION: On Breck Road in Poulton Town Centre close to the Train Station situated amongst all the restaurants, eateries and bars.

ACCOMMODATION
Ground Floor: Double fronted restaurant premises with kitchen & wc’s.

First Floor: 3 bedroom apartment.

TENANTS SCHEDULE:
Ground Floor Restaurant No 5/7: 10 year lease 1st December 2014, 3 year rent review, passing rent £16,800 per annum;
First Floor Flat No 5a: Let on a AST at £540 per calendar month (£6480 per annum).

SERVICES: Separate services to restaurant and residential.

TENURE: Freehold subject to leases/tenancies.

DECLARED INTEREST: The vendor is related to a member of Kays staff.

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE. UNDER NO CIRCUMSTANCES MUST ANY APPROACH BE MADE DIRECT.

5/5a/7 Breck Road, Poulton, FY6 7AA

Tenure Type: Freehold
Private Living: No