MIXED USE INVESTMENT OPPORTUNITY, WOOD STREET, ST. ANNES ON SEA, LANCASHIRE , FY8
Investment - Mixed Use Office Leisure Retail Cafe Residential
For Sale: offers in excess of £2,250,000
SOLD
Key Features
COMPRISING OF RESIDENTIAL APARTMENTS, OFFICE WITH CAFE, RESTAURANT, LEISURE/NIGHTCLUB PREMISES AND CAR PARK
LOCATED IN ST. ANNES TOWN CENTRE
MAY ALSO SUIT OWNER/OCCUPIER OR DEVELOPER
RENTAL INCOME POTENTIAL £240,000 PA EXC
POTENTIAL TO INCREASE REVENUE THROUGH LETTING OF 21-23 WOOD STREET AND ASSET MANAGEMENT OF EXISTING STOCK
POSSIBILITY TO SPLIT ASSETS
How to find out more…
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Property description
- Prime location in the towns 'restaurant quarter'
- Significant levels of local development and major infrastructure Projects due for completion in 2024
- 7 large apartments made up of 6 x 2 beds and 1 x 1 bed (buildings totalling c.6,198 sq ft) with long standing tenancies (ASTs) on relatively low rents
- Tiggis Restaurant - trading from the location for over 40 years (200 covers)
- Senior Moments Care LLP, head office and care hub. Lease renewal through to August 2028 (3,118 sq ft) with parking
- 21-23 Wood Street available to let, with imposing frontage and valuable/underutilised terrace fronting Wood Street
- New air-handling units fitted to roof of 21-23 Wood Street in October 2021
- Valuable town centre car park
- Existing rental income totalling c.£145,000 p.a.
- Potential to increase revenue through letting of 21-23 Wood Street and asset management of existing stock
- Total Market Rent in the region of £240,000 p.a.
- Possibility to split assets
- Suitable for investors, developers or owner occupiers with the majority of the site producing well established income
- Full TENANCY SCHEDULE, FLOOR PLANS & EPC's available on request
- We are seeking offers over £2,250,000 (Two Million Two Hundred and Fifty Thousand Pounds) exclusive of VAT and Subject to contract
- Long leasehold interest with c.850+ years unexpired term at nominal ground rent
