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Ref: 6795
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Investment - Mixed Use

11b, DALE STREET, BLACKPOOL, LANCASHIRE

For Sale £170,000 for the freehold

  • GROUND FLOOR LOCK UP / STORAGE / RETAIL UNIT APPROX. 3,780 SQ FT
  • PRESENTLY LET ON A LICENCE AGREEMENT AT £5,000 PA EXC FOR STORAGE. RENTAL POTENTIAL £5,000 - £10,000 PA - SUBJECT TO WORKS
  • IDEALLY LOCATED IN CENTRAL BLACKPOOL
  • WITHIN WALKING DISTANCE OF THE PLANNED INDOOR ENTERTAINMENT PARK DEVELOPMENT SITE (STPP) - BLACKPOOL CENTRAL
  • COMPRISES A LARGE GROUND FLOOR COMMERCIAL PREMISES THAT CAN BE LET AS A WHOLE OR SPLIT INTO SMALLER UNITS
  • 7 X FLATS TO THE FIRST FLOOR - RENTAL INCOME POTENTIAL £32,760 PA EXC.
  • COMBINED RENTAL INCOME POTENTIAL: £37,760 - £42,760 PA EXC.
  • BIDDING OPENS: 27/04/23 - VIA AUCTION HOUSE NORTH WEST www.auctionhouse.co.uk

Description

This investment / re-development property boasts: - A ground floor, large commercial premises with a rental income potential of £5,000 - £10,000 pa exc. - The ground floor is presently let on a license agreement, for storage use, at £5,000 pa we are informed. - The commercial space could be let as a whole or split into smaller units. - Above and set over the first floor are 7 flats. - Rental income potential for all flats: £32,760 - Average rental income per flat is £90 per week. - The residential accommodation could be re-designed or re-configured to suit differing requirements. - There is potential to create larger residential units that could be used for Serviced Accommodation or Holiday Lets (subject to planning permission). - This is an excellent investment opportunity. - Combined rental income potential: £37,760 pa - £42,760 pa exc. Internal viewings are available by prior appointment.
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