12 Station Road , Lytham, Lancashire, FY8 5DH

Property description

LOCATION: This mixed use investment property occupies a highly visible location in Lytham town centre. The property is located to the end of Clifton Street, the main shopping throughfare of the town. Clifton Street comprises of national retailers to include Woolworths, Subway, Spar and Boots the Chemist. The property occupies a corner position on Station Road and Warton Street, with dense residential surrounding areas. The property has neighbouring established businesses with Station Road also leading to Lytham`s Booths Supermarket. Lytham offers a wide selection of cafes, wine bars and restaurants with Station Road connected to Central Beach coastal road and Lytham Green. Lytham provides for ease of commuting options into the neighbouring town of St Annes and along the coast to Blackpool. The city of Preston is also nearby with the M55 motorway providing access onto the M6 and motorway network beyond. DESCRIPTION: This property represents a desirable investment opportunity offering a mix of commercial and residential property. The ground floor consists of three retail units all of which are tenanted. Each unit is separately accessed via a front entrance, with two units sharing communal space to the rear. This space provides a kitchenette and toilet facility. The First Floor three bedroom flat benefits from a separate front door entrance. It offers deceptively spacious accommodation with views towards Lytham Green and to the town centre. The flat is suitable for owner occupation or for rental purposes. It is anticipated that a rental of £550 - £575 per calendar month is achievable. ACCOMMODATION: Ground Floor: Retail Unit 1: 29 sq m Retail Unit 2: 32.5 sq m Retail Unit 3: 38 sq m Above measurements have been provided by vendor client First Floor Flat comprises: Lounge, Kitchen, Store, 3 x Double Bedrooms and Bathroom (Further detailed information to follow) LEASE DETAILS / RENTAL: Retail Unit 1: £4000 per annum. 12 month Licence. Retail Unit 2: £4250 per annum. Informal agreement. Retail Unit 3: £5250 per annum. Informal agreement. All Units: £13,500 per annum. Estimated Flat Rental: £6,900 per annum. Total Rental Income: £20,400 per annum. EXTERIOR: Multiple parking spaces to the front forecourts of the retail units VIEWINGS: Prior appointment via our office DIRECTIONS: Proceed along Clifton Street the main shopping throughfare of Lytham, away from Clifton Square. At the crossroads with Station Road and Warton Street the property can be found directly in front of you to the left hand side. Station Road is also accessed off Central Beach, proceed inland and the property can be found on your right hand side.