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Mixed Residential & Commercial Investment Opportunity

Park Road, St Annes, Lytham St Annes

£310,000 (Freehold)

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Mixed Residential & Commercial Investment Opportunity

Commercial Investments

REF 010163


DESCRIPTION An impressive 4 storey Victorian property within a parade of buildings that have a characterful glazed block frontage, located immediately of the main shopping street in the centre of St Annes close to all the shops restaurants and cafes. The substantial building has a well-established tenanted Coffee Shop and tea Rooms on the ground floor let on the remainder of a 15 year lease from 2006 at a rent of £15,600 per annum. The upper floors provide a spacious 4 bedroom apartment that the owners currently occupy. May offer potential to convert to two apartments subject to obtaining planning or could be let as one residential apartment or serviced holiday accommodation. Rare opportunity to acquire a spacious home or development opportunity with investment income in the centre of St Annes.

LOCATION On the Sunny side of Park Road which is immediately off the main Square (St Annes Road West) in the Centre of the town close to the beach, St Annes Pier and all local shops, café, bars and restaurants.

ACCOMMODATION
Ground floor: Double fronted café Bar approx. 59 meters square including kitchens and wc;
Basement: Storage shared with the café tenant and the owners;
First Floor: Large front lounge 5m x 6.9m with bay window; Kitchen 2.6m x 5m; utility 2.7m x 1.8m;
Second Floor: Master bedroom 5m x 6.8m with bay window and feature fire place; bedroom 5m x 3.2m; Bathroom 2.9m x 1.8m step in shower wc and whb;
Third floor: Bedroom 5.2m x 5.7m; bedroom 4.1m x 4m;

EXTERIOR The café benefits from a trading forecourt; rear garden with access to accommodation.

BUSINESS DETAILS The ground floor café is let on a 15 year lease from the 9th January 2006 with a passing rent of £15,600 per annum. 5 year reviews.

SERVICES All mains services with separate supply of gas and electric to the flat and café. One water bill.

TENURE Remainder of a 999 year ground lease from approx. 1893 ground rent is approx. £7 per annum however this has not been collected for a number of years.

RATES – GF café bar £8,600 tenants responsible. Council Tax band for flat Band B

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

9 Park Road, St Annes FY8 1QX

Tenure Type: Freehold
Private Living: Yes


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