Investment Properties for sale in Lytham St Annes

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 I am delighted with the service – I’ve sold my business and highly recommend Daltons to other business sellers 

Marianne Ross (April 2014)
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Leasehold Price: £695,000
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Business Description
• POSSIBLE SCOPE FOR SEP. TITLES
• 6 APARTMENTS + 2 SHOP PREMISES
• ESTABLISHED TRADING POSITION
• INCOME circa £60/£65k P ANNUM, EPC D

ST ANNES INVESTMENT OPPORTUNITY - SUBST. DOUBLE RESTAURANT PREMISES - IMPOSING CORNER RETAIL PREMISES & 6 SUBSTANTIAL 3 BEDROOM & 2 BEDROOM APARTMENTS - INCOME 2014/2015 £60,000 (( POTENTIAL IRO £65/£70,000 PER ANNUM)) - HUGE SCOPE TO SEPARATE RESIDENTIAL APARTMENTS FOR INDIVIDUAL TITLES - SOME APARTMENT SIZES UP TO 100 M2 - RETIREMENT SALE.

A quite unique opportunity to purchase an investment in the desirable Fylde Coastal town of St Anne's On Sea. This particular building is located immediately parallel to the main shopping square and just a short stroll from the Promenade, Marks & Spencer and the Towns Main Bus and Rail routes. The current arrangement provides a fully occupied ground floor investment comprising; a Double fronted Restaurant Premises plus Substantial Corner Retail Premises. The upper floors comprise 6 apartments - 4 x 2 Bedroom Apartments & 2 x 3 Bedroom Apartments of exceptionally generous proportion. The apartments may well be regarded suitable for title separation.

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COMMERCIAL/RETAIL
GROUND FLOOR: - CORNER SHOP PREMISES & BASEMENT
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- Appx 920 sq ft (85.47 M sq) currently tenanted as a fashion shop - Rent £12,000 Per Annum - 3 Yr Lease from November 2013

LOWER GROUND FLOOR: Storage - Appx. 475 sq ft - (44.13 M sq)

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GROUND FLOOR: - DOUBLE FRONTED OPEN PLAN RESTAURANT & BASEMENT
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- Appx 2,156 sq ft (200.29 M sq) currently tenanted as a Restaurant - Rent £20,000 Per Annum (although only paying £18,000 Per Annum) - New lease in negotiation at present.

LOWER GROUND FLOOR: Storage appx. 860 sq ft (79.89 M sq)

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RESIDENTIAL - APARTMENTS ARE SPLIT ACROSS THREE BLOCKS AND ARRANGED AS 4 x 2 BEDROOM UNITS & 2 X 3 BEDROOM UNITS.
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- Sample apartment specification/s as follows.

FLAT 8 - 3 Bedroom Apartment - Overall Unit Size- Length x Width - Appx 55 ' x 20 '

Separate Lounge - 17 ' x 12 ' --- Separate Kitchen - 16 ' x 12' --- Bedroom 1 - 11' 09 x 8' 00 --- Bedroom 2 - 15' 04 x 11 --- Bedroom 3 - 15 ' 07 x 12 ' --- Bathroom 12 ' x 8 ' --- Storage Room.
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FLAT 3 - 2 Bedroom Apartment -

Separate Kitchen - 12 ' 09 x 10 ' 04 --- Separate Lounge 17 ' 10 x 13 ' 01 --- Bedroom 1 13 ' 06 x 13 ' 08 --- Bedroom 2 --- 12' 10 x 8 ' 00 --- Bathroom - Storage Room/Laundry.

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FLAT 2 - 2 Bedroom Apartment - -

Separate Kitchen - 13 ' x 9'02 --- Separate Lounge - 17' 07 x 12' 02 --- Bedroom 1 - 14' 00 x 13' 07 --- 13' 00 x 8' 00 --- Bathroom - Storage Rooms x 2

SERVICES: Apartments - Gas Central Heating - Electric Meters - Intercom System

EXTERIOR: We are informed the land at the rear - with the exception of a small portion - is separately owned. Nevertheless we are informed that there is a pedestrian right of way.

At the time of inspection the flats were let and currently attract - between £480.00 & £500.00 PCM

LAND LEASE - 999YR Lease from 1893 @ £9.96 Per Annum

Tenure: Leasehold

Location Details: Wood Street,St Annes On Sea

Listed by: Broomheads Commercial Estate Agents
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