Bank Hey Street, Blackpool, fy1 4rs Development Opportunity For Sale

£525,000 + vat
Bond: £0

Property Reference: INV159L

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  • Ideal Development Opportunity For Sale
  • Prime Town Centre Location
  • Four Storey Building Stripped to Bare Structure Circa 10,000sq ft
  • Planning Consent for Creation of 3 New Ground Floor Retail Units and 6 x 2 Bed & 1x1 Bed Flats over Upper Floors
  • Prime Pedestrianised Street in the Heart of Blackpool
  • Priced to Sell
  • Viewing Highly Recommended

Property Description

DESCRIPTION: Kenricks are pleased to offer this ideal development opportunity for sale. This substantial property is situated in a prime High Street Town Centre location in Blackpool.

This four storey building is stripped to the bare structure and fronts directly onto the pedestrianised Bank Hey Street.

We are informed there is planning consent for the creation of 3 new retail units at Ground Floor level, 6 x 2 bed and 1 x 1 bed flats over the 1st and 2nd floors.

4 Storey (including Basement) premises at circa 10,000sq ft

We are informed all asbestos has been removed with reoccupation report.

Exterior: Service yard to the rear.

VAT: VAT - This property is subject to VAT.

RATES: Pending final completion.

AGENTS NOTES: We are informed Planning Permission has been granted for external alterations to form 3 retail units (Class A1) at ground floor level and use of upper floors as 7 self-contained permanent flats. We understand from the Vendor that this investment could achieve a yield of over 12%.

**Plans available to view online at - Blackpool Council Planning website. Planning Reference number 19/0438

TENURE: Freehold

VIEWING: By appointment through Kenricks 01253 420420.

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Fee Information

The advertised rental figure does not include fees.