Investment Properties for sale in Lytham St Annes

View the "INVESTMENT OPPORTUNITY - ST ANNES" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Freehold Price: £380,000 Price Reduced Annual Turnover: £15,000
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Business Description
• Impressive investment property
• Sought after location in a densely populated area
• Excellent Scope Superbly Presented
• Rental return of £15,500 per annum

Ref 42555 Impressive Investment Property, sought after location, St Annes, prominent main road position, densely populated area, Rental of £15,500 p/a immaculately presented throughout. Viewing highly recommended. Freehold.

This impressive investment property occupies a highly sought after position within this densely populated area of the beautiful coastal town of St. Annes. Currently leased out and trading as a cafe, the property occupies a prominent position on Park Road. This particular area is a hot spot for this kind of business opportunity and benefits greatly from being amongst a number of complementary businesses ensuring regular footfall throughout the day and night known as the cafe quarter- supported by the local council.

The substantial and imposing 4 storey period property provides a spacious and versatile business accommodation. The ground floor commercial unit, currently trading as a cafe, is presented to an extremely high standard giving the business a clean and hygienic appearance. The current annual yield of £15,500 is from the lease of ground floor commercial unit.

There is scope to convert the large self-contained apartment which occupies the upper floors into 2 self-contained apartments with some additional modifications if required. This offers a further potential to substantially increase the annual yield.

We feel this opportunity should be given serious consideration by anyone currently seeking an investment property of this type.

To purchase such a successful business which occupies a prime trading position, viewing is highly recommended to avoid disappointment.

Summary. We are delighted to be able to offer this substantial, rare period property for sale. This would make an expectional investment opportunity and we therefore strongly recommended early inspection to avoid disappointment.
Tenure: Freehold

Listed by: Kings Business Transfer

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KBT42555
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