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53, Albert Road, Blackpool. FY1 4PW

Commercial Property, Retail - Centre in Blackpool, Lancashire
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Property Details
Agent Ref No:
Category: Investment
Type: Mixed Use
Retail - Centre
Offer Type:
Price: £200,000.00
Rent: Not Applicable
Yield: Not Applicable
Further Property Details
Date Listed: 2012-04-26
Size:
Tenure: Freehold
Min Rental Size: Not Applicable
Property Status:
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B2B Commercial Mortgage Quotes

B2B
  • Up to 80% LTV
  • Rates from 1.5% over base
  • Borrow from £50k - £40m
  • NO BROKER FEE!

Description

FOR SALE 53/53A ALBERT ROAD BLACKPOOL £200,000 PLUS VAT SUBSTANTIAL COMMERCIAL INVESTMENT PROPERTY. PROMINENT TOWN CENTRE CORNER POSITION. TOTAL POTENTIAL INCOME APPROX.£35,000 PA(NET OF VAT) SUBSTANTIAL COMMERCIAL INVESTMENT PROPERTY. PROMINENT TOWN CENTRE CORNER POSITION. TOTAL POTENTIAL INCOME APPROX.£35,000 PA(NET OF VAT)

FOR SALE
53/53A ALBERT ROAD BLACKPOOL
£200,000 PLUS VAT

SUBSTANTIAL COMMERCIAL INVESTMENT PROPERTY.
PROMINENT TOWN CENTRE CORNER POSITION.
TOTAL POTENTIAL INCOME APPROX.£35,000 PA(NET OF VAT)

LOCATION
Prominently situated at the junction of Albert Road and Coronation Street, diagonally opposite Debenhams Department Store, and two blocks from the Promenade.

DESCRIPTION & TENANCIES.
Ground and first floor unit, plus large basement, leased to Access Disability Limited (with Directors guarantees) for ten years commencing 14.07.2010. Current rent £12,000 pa, rising to £15,000 pa July 2012. Rent review at the end of the fifth year. Premises used for the hire and sale of disability scooters, fancy dress and as a tattoo studio.
Second and third floors comprise nightclub (not currently trading), leased to an individual for ten years commencing 15.10.2010. Rent £15,000 pa. Rent review at the end of the fifth year.
Lock up shop 53a Albert Road (15.4m2/166sq.ft.) currently vacant. Rental value approx. £5,000 pa.

LEASES - Leases are drawn on full repairing and insuring terms.

VAT. - VAT is chargeable in connection with this property. Rents are quoted net of VAT.

LEGAL COSTS - Each party to be responsible for their own legal costs incurred in the transaction.

VIEWING - Strictly by appointment with Preston & Bedford.


NOTES.
1. We have not tested any services, systems appliances at this property and no warranty can be given as to their condition.2. Any photographs and plans attached to these particulars were correct at the time of production and are for reference rather than fact.3. Measurements have been made in accordance with the RICS Code of Measuring Practice.

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