ADDRESS207-209 Park Road, Blackpool, Lancashire FY1 5LN
TYPEFlat, General Retail, Retail - High Street, Mixed Use, Residential, Retail, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON31st May 2020
Investment Consideration: Located close to Blackpool town centre. Comprises a shop and flat let on an overriding lease. Tenant did not exercise break option in second and fourth years Rent Review 2020. VAT is NOT applicable to this property. Occupiers close by include Premier Newsagent and a number of local traders.
Property Description: The property is arranged on ground and two upper floors to provide a shop and flat above.
The property provides the following accommodation and dimensions: Ground Floor: 56.6 sq m (609 sq ft) First and Second Floor Flat: Four Rooms, Kitchen, Bathroom, WC
Tenancy: The entire property is at present let to MRS P GLOVER for a term of 7 years from 24th July 2015 at a current rent of £7,200 per annum. The lease provides for a rent review in the fifth year of the term and contains full repairing and insuring covenants. The tenant did not exercise break option in second and fourth years.
Location: Blackpool is one of England's foremost holiday resorts and conference centres, having a resident population in excess of 145,000 with a regular tourist trade in the summer months. The town is situated on the North West coast some 58 miles north-west of Manchester and 17 miles west of Preston. The property is situated approximately 3/4 mile south-east of the town centre on the west side of Park Road, close to its junction with Lune Grove. Occupiers close by include Premier Newsagent and a number of local traders.