Commercial property for sale in Bond Street, Blackpool FY4, £995,000

995,000.00

Offer Nr.:
66151901
Type of ad:
for Sale
Property type:
Commercial property
Contact name:
Savills - National Auctions
Phone(s):
020 8022 4160

* Freehold Investment
* Investment let at a total of £113, 540 p. a.
* 11. 41% giy on Guide Price
* Popular location
* Comprises four retail units, four office suites and eight flats located on the upper floors (6x two beds, 1x one bedroom and 1 x three bedroom)
* Instant asset management potential
**Strapline**
Auction Sale - 13/12/2023
Of interest to Investors Substantial mixed use property comprising of four
shops, four office suites and eight apartments.
Investment let at £113, 540 p. a.
**Description**
A large substantial freehold building, comprising four retail units, four
office suites (currently vacant) and eight flats located on the upper floors
(6x two beds, 1x one bedroom and 1 x three bedroom). Including access to a
games room, cinema room and gym.
We understand that all of the retail tenants have been long serving tenants of
between 6 - 25 years producing a total income of £44, 140 p. a. The upper parts
have been let to a service accommodation provider on a 5 year lease from 2022
at a total rent of £69, 300 p. a. The property is is currently producing a total
income of £113, 440 p. a.
The property is located in a prominent position on the very busy thoroughfare
of Bond Street a heavily residential and retail area.
**Transport**
Blackpool South Station 0. 2 miles
Blackpool Pleasure Beach Station 0. 6 miles
Squires Gate Station 1. 3 miles
**Accommodation**
Please note the approximate areas have been provided by a third party and the
property has not been inspected by Savills. Please refer to tenancy schedule

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