262-266, TALBOT ROAD, BLACKPOOL , LANCASHIRE, FY1
Investment - Mixed Use Retail Flat
For Sale: offers in excess of £300,000
SOLD SUBJECT TO CONTRACT
Key Features
THREE SELF-CONTAINED RESIDENTIAL FLATS, PRODUCING A COMBINED RENTAL INCOME OF CIRCA £14,040 PA
THE OWNER / SELLER WILL REMAIN IN THE GROUND FLOOR PREMISES FOR A 12 MONTH PERIOD, POST SALE, AT A RENT OF £20,000 PA* (SUBJECT TO CONTRACT)
COMBINED RENTAL INCOME POTENTIAL c. £34,040 PA
DECEPTIVELY SPACIOUS GROUND FLOOR RETAIL WAREHOUSE PREMISES WITH STORE ROOMS
CAR PARKING AND LOADING TO THE SIDE
COULD BE SPLIT INTO TWO SEPARATE UNITS, CREATING A WORKSHOP UNIT TO THE SIDE
How to find out more…
If you have any questions about the property or would like to book a viewing, please get in touch with us via our contact page or the enquiry and viewing buttons above.
Property description
This mixed-use property comprises:
- A deceptively spacious, ground floor retail warehouse premises.
- Historically, the ground floor was split into two separate units and this could become the case again in the future if required.
- In addition to the retail warehouse space, there is additional storage space,an office and two no. WC's.
- The property benefits from excellent frontage onto the main arterial route which is Talbot Road.
- To the side of the property is off road car parking and vehicle loading space.
- There is a separate ground floor entrance with stairs leading up to 3 no. residential flats that can produce a rental income of £14,040 per annum exclusive.
- This is an excellent opportunity for an owner occupier / operator to purchase the building to place their own business in the ground floor, which will become vacant following the exchange / completion of a sale.
- It is also an excellent investment opportunity as the ground floor premises would lease to provide a rental income in the region of £20,000 per annum exclusive.
- The seller and business owner will also sign a 12 month tenancy from the date of completion of the sale, subject to contract.
- The combined rental income potential of the whole building is therefore circa £34,040 per annum exclusive.
