16, 18, 20, 22-24 Orchard Road, St Annes, Lancashire, FY8 1RY

Property description

LOCATION St Annes is located on the North West Coast of England and is close to Lytham, Blackpool and Preston. Road communications in and around St Annes are excellent, with the M55 joining the area directly to Junction 32 of the M6 linking to all major motorway networks beyond. St Annes also has a train station and is close to Blackpool Airport. St Annes has a wide selection of local amenities, shops, national high street retailers and local established businesses. High Street Retailers include Woolworths, W H Smith, Ethel Austin, New Look, Superdrug, Boots & Marks & Spencer (Simply Food). DESCRIPTION The investment occupies a good trading location in a mixed retail A2/ A3 area. The investment comprises a three storeyed late Victorian/ Edwardian parade of shops with seven self contained flats to the upper floors. The seven self contained flats are on the first and second floors and include lounge, kitchen (or combined lounge/ kitchen), bedroom, bathroom or showeroom and WC. The total gross rental income in relation to the flats is approximately £30,660 per annum, there is however substantial scope for further enhancement. The current gross income in relation to the retail units is £60,250 per annum (Please see rental schedule below for further information). There are also appoximately 7 car parking spaces to the Wood Street frontage. TENURE: We have been informed that the property is held by way of 999 year lease (residue of, subject to a nominal ground rent).