Mixed Investment Property

Breck Road, Poulton, Poulton-Le-Fylde

£260,000 (Freehold)

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Mixed Investment Property

Commercial Investments

REF 009765


DESCRIPTION: The mid terraced property is located in the centre of Poulton, a market town close to Blackpool, which is a popular destination for eateries, restaurants and bars. Single fronted bar premises held on a lease until 31st August 2024, passing rent £12,000 per annum. Self contained 2 bedroom apartment above let at £550 per calendar month (£6,600 per annum). Total rental income £18,600 per annum providing a 7% yield. The investment property next door is also available if a larger investment is required.

LOCATION: Breck Road is in the centre of Poulton close to the railway station amongst all the popular restaurants and bars.

ACCOMMODATION
Ground Floor: Single fronted bar premises with customer wc’s and associated facilities plus rear beer garden;

Upper Floors: 2 bedroom self contained apartment.

RENT SCHEDULE:
Ground Floor Restaurant No 9: Lease from 1st September 2017 to 31st August 2024. Rent £12,000 per annum, 3 year rent review.
First Floor Flat No 9a: Let on Assured Hold Tenancy Agreement, rent £550 per calendar month (£6,600 per annum).

SERVICES: Separate services to commercial and residential parts.

TENURE: Freehold subject to 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.

9/9a Breck Road, Poulton, FY6 7AA

Tenure Type: Freehold
Private Living: No


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