1 Clarence Avenue, Knott End on Sea, Lancashire, FY6 0AH

Property description

LOCATION This investment property occupies a corner location on Clarence Avenue and Lancaster Road (B5270). Lancaster Road provides access into the town centre and leads out of Knott End. There are dense residential locations surrounding the property and neighbouring villages include Preesall, Pilling and Stalmine. DESCRIPTION The property is located to the corner of Clarence Avenue and Lancaster Road (B5270). The property consists of three separate ground floor retail units. Separate access is available to two self contained flats to the upper floors. DIRECTIONS Proceed along Lancaster Road (B5270) towards Knott End town centre. Turn right into Clarence Avenue where the property can be found on the left hand side immediately. The property is located to the corner of Clarence Avenue and Lancaster Road (B5270). VIEWING: Strictly by prior arrangement through our office. VAT: All prices quoted are exclusive of VAT but may be subject to VAT at the prevailing rate. ACCOMMODATION Ground Floor: Retail Unit 1 - Off-licence: 3 Years remaining on the current lease at a rental of £407 pcm. Retail Unit 2 - Fish Mongers: Rolling 1 Year lease at a rental of £330 pcm. Retail Unit 3 - Veterinary Surgery: 1.5 Years remaining on the current lease at a rental of £360 pcm. Total Rental Income: £1,097 per calendar month First Floor: Flat One: Lounge, Double Bedroom, Kitchen, Bathroom, Double Bedroom. Potential rental income: £433 pcm. Flat Two: Lounge, Double Bedroom, Kitchen, Shower room. Potential rental income: £268 pcm. Potential Total Rental Income: £701 per calendar month Potential Combined Rental Income: £1,798 per calendar month Potential Combined Annual Rental Income: £21,576 Disclaimer: The sales particulars have been produced with information provided by the owner/occupier or landlord and are made in good faith without any responsibility whatsoever on the part of Duxburys Commercial. It is for the purchaser or as the case may be the lessee to satisfy themselves by inspection or otherwise, as to the accuracy or fullness of the information. They must not in entering into any contract or incurring costs or otherwise rely upon these particulars as statements or representations of facts. Details Prepared: September 2009