6-10 Bank Hey Street, Blackpool, FY1 Investment Property For Sale
- Tenanted Four Storey Mid Terraced Retail Unit
- Prime Town Centre Location
- Ideal Investment Opportunity
- Situated Close to Popular High Street Retailers and Food Establishments
- Predominantly Open Plan Ground and First Floors with Stock/Changing Rooms
- Basement and Second Floors historically used for Storage, WC's and Kitchens
- Priced to Sell
- Viewing Highly Recommended
Kenricks are pleased to offer this ideal investment opportunity for sale. This substantial retail property is currently tenanted on a 2yr Lease from 1st Feb 2019 achieving a Rent of £10,000 pa + VAT in 1st year and a Rental of £20,000 pa + VAT in the 2nd year with a 12 month Landlord/Tenant break clause. The property is situated in a prime High Street Town Centre location in Blackpool.
The property comprises a four storey, mid terraced retail unit. The ground and first floors are predominantly open plan with the exception of stock and changing rooms. The basement and second floor have been used historically for storage and staff with WC's and kitchens located on these floors.
The ground floor has the benefit of a fully glazed frontage and a recessed entrance which has the benefit of a full width electric roller security shutter. The two main retail floors have the benefit of a suspended ceiling with recessed lighting, air conditioning and laminate flooring.
Approximate gross internal areas:
Basement 210sqm / 2,262sq ft
Ground floor sales 264sqm / 2,846sq ft
First floor sales & storage 265sqm / 2,860 sq ft
Second floor storage 188sqm / 2,025sq ft
TOTAL 927sqm / 9,993sq ft
VAT - This property is subject to VAT.
Approx gross internal area: 210 sq m 2,262 sq ft
Ground Floor Sales: 264 sq m 2,846 sq ft
Sales and Storage: 265 sq m 2,860 sq ft
Storage. 188 sq m 2,025 sq ft
Total Floor Areas
927 sq m 9,993 sq ft
Leasehold or Freehold.
£74,000 (2017 list) Estimated rates payable £35,500 (2017/2018) This property may qualify for some transitional business rates relief, please contact Blackpool Council on 01253 477477 or visit www.gov.uk/introduction-to-business-rates for further information.
Each party to be responsible for own legal costs.
The property benefits from A1 (retail) consent.
The property is subject to VAT
The premises are situated in Blackpool Town Centre in a prominent position on the eastern side of the pedestrianised Bank Hey Street, in between H Samuel and WH Smith. Other high street retailers in the vicinity include Pizza Hut, Primark, Boots, HMV and Poundland.
Viewings through Kenricks 01253 420420
The advertised rental figure does not include fees.