Mixed Investment Property

Holmfield Road, North Shore, Blackpool

£145,000 (Freehold)

View More Details

Mixed Investment Property

Commercial Investments

REF 009896

DESCRIPTION: Substantial corner property located off Queens Promenade on the corner of Holmfield Road and Northumberland Avenue at North Shore Blackpool. The property consists of two ground floor shops and a self-contained 3 bed flat above. The freehold property is capable of producing £1,300 per month £15,600 per annum). Good mixed investment providing a 10.8% yield.

LOCATION: On the North West corner of Holmfield Road and Northumberland Avenue close to Queens Promenade at North Shore Blackpool.

56a Holmfield Road – Corner double fronted retail shop trading as a Barbers approx. 27.5sqm;

56b Holmfield Road – Single fronted retail shop trading as a Hairdressers approx. 47.4sqm including kitchen, wc and store;

20 Northumberland Avenue – 4 Bedrooms; lounge; kitchen; bathroom;

Exterior: Forecourt and rear yard.

BUSINESS: The rent schedule is as follows;
56a Holmfield Road:- Chops Shop Barbers 5 year lease from 2014, rent £4,200 per annum
56b Holmfield Road:- Kathian Hairdressers 5 year lease from 2016, rent £4,800 per annum
20 Northumberland Avenue:- Vacant, previously let £550 per calendar month (£6,600 per annum).

SERVICES: All mains services connected.

TENURE: Freehold (subject to tenancies).


56/56a Holmfield Road & 20 Northumberland Avenue, North Shore, Blackpool FY2 9RT

Tenure Type: Freehold
Private Living: No

Download Property PDF