6-10 Bank Hey Street, Blackpool, FY1 Investment Property For Sale

£445,000 + vat
Bond: £0

Property Reference: 0RF159L

Contact the agent
  • 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

Property Description

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.

FLOOR AREAS

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.

Accommodation Comprising

  • Basement

    Approx gross internal area: 210 sq m 2,262 sq ft

  • Ground Floor

    Ground Floor Sales: 264 sq m 2,846 sq ft

  • First Floor

    Sales and Storage: 265 sq m 2,860 sq ft

  • Second Floor

    Storage. 188 sq m 2,025 sq ft

  • Total Floor Areas

    927 sq m 9,993 sq ft

  • Tenure

    Leasehold or Freehold.

  • Rates

    £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.

  • Planning

    The property benefits from A1 (retail) consent.

  • VAT

    The property is subject to VAT

  • Location

    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.

  • Viewing

    Viewings through Kenricks 01253 420420

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Fee Information

The advertised rental figure does not include fees.