Investment Properties for sale in Thornton Cleveleys

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Investment Property with Blue Chip Tenant

Thornton Cleveleys, Lancashire, England

  • Freehold Price: £525,000 Starting Bid
Seller Reference: inv567l
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Business Description
 
 
 
 
 
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Seller Reference: inv567l
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Business Description
* Investment Property with Blue Chip Tenant
* Cleveleys, Lancashire
* Substantial Corner Property
* Situated in Prime Location
* 10 Year Lease Drawing £47,120 pa
* Leased to HSBC PLC Bank
* Superb Investment Property
* Priced to Sell

DESCRIPTION: **FOR SALE BY AUCTION**
On behalf of Pattinson Auctions, Kenricks are delighted to offer this superb investment property for sale.

This substantial corner property is situated in the prime location of Victoria Square at the junction with Victoria Road West in the heart of Cleveleys vibrant Town Centre.

HSBC occupies the Ground Floor and First and second Floor offices. In addition part of the building is occupied by a well known and popular jewellery business, paying a peppercorn rent and a ladies gym to the first floor, both paying an annual nominal rent.

Site Area (approx. 0.847 acres/3689sq ft)

Ground Floor
Occupied by HSBC Bank with banking hall and offices.

First Floor
Offices.

Second Floor
Offices.

AGENTS NOTES: Due to security at the Bank, it is not possible to arrange internal viewings at the Bank – External Viewings Only.
Sale subject to the fees, terms and conditions of Pattinson Auctions.

BUSINESS: We are informed there is a 10 year lease from 29th January 2019 to HSBC PLC Bank at an annual rent of £47,000 pa.
Ground Floor shop and basement is Leased on a 125yr Lease to Sherratts Jewellers at a Rent of £20.00 per annum (not currently being demanded).
First Floor Area – currently used as a Ladies Gym and is Leased on a 125yr Lease at a Rent of £100.00 per annum.

TENURE: Freehold.

PRICE IS A STARTING BID

VIEWING: By appointment through Kenricks 01253 420420.
Tenure:
Freehold
Location Details:
Town Centre Cleveleys
Listed by:
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