£145,000 (Freehold)View More Details
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 3/4 bed flat above. The freehold property is capable of producing £1,300 per month £15,600 per annum). Good mixed investment providing a 9.3% 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 Mini Market;
56b Holmfield Road – Single fronted retail shop trading as a Hairdressers approx. 47.4sqm including kitchen, wc and store;
20 Northumberland Avenue – First Floor: Lounge; dining room; kitchen; bathroom; Second Floor: 3 bedrooms;
Exterior: Forecourt and rear yard.
BUSINESS: The rent schedule is as follows;
56a Holmfield Road:- Mini Market, 5 year lease from 11/11/20 rent £3,960 year 1, £4,200 per annum year 2 onwards, rent review Oct 2023.
56b Holmfield Road:- Kathian Hairdressers 5 year lease from 2021, rent £4,800 per annum, rent review Jan 2024.
20 Northumberland Avenue:- Let £550 per calendar month (£6,600 per annum).
SERVICES: All mains services connected.
TENURE: Freehold (subject to tenancies).
Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.
56/56a Holmfield Road & 20 Northumberland Avenue, North Shore, Blackpool FY2 9RT
Tenure Type: Freehold
Private Living: No