Church Street/ Bank Hey Street, Blackpool, FY1 Investment Property For Sale

£1,250,000 Plus vat
Bond: £0

Property Reference: INV727L

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  • Investment Property
  • Comprising 3 Separate Leased Units
  • H Samuels, Bet Fred and Pizza Hut
  • Town Centre, Blackpool
  • Prime Location
  • Site Area 0.1155 Acres
  • Substantial Corner Property
  • Generating £125,500 per annum
  • Priced to Sell
  • Superb Investment Opportunity

Property Description

DESCRIPTION: Kenricks Commercial are delighted to offer this rare opportunity to purchase this substantial investment property which is situated in a prime location in the heart of Blackpool’s Town Centre.

The property is currently Leased and occupied by 3 major high street operators, H Samuels, Pizza Hut and Dome Brothers trading as Bet Fred bookmakers.

This prominent corner property is arguably one of the

most prestigious and busiest prime locations in

Blackpool’s vibrant Town Centre.

H Samuels, 7-15 Church Street

Occupying approx. 2,270 sq ft.

Ground Floor

Open Retail Area with suspended ceiling, concealed

lights and air conditioning.

Corridor leading to:

Office Area.

Lower Ground Floor

Staff Room.

Store Room.

Toilets.


Pizza Hut, 7-15 Church Street

Occupying approx. 8,653 sq ft.

Ground Floor

Restaurant Area with concealed lighting and air

conditioning.

Disabled Toilets.

Staircase leading to:

First Floor

Additional Open Plan Dining Area with air conditioning,

suspended ceiling and concealed lighting.

Kitchen with non-slip flooring and tiled walls.

Ladies and Gents Toilets.

Staff Room.

Office.

Second Floor

Open plan area – used for storage.

Bet Fred, 4 Bank Hey Street

Occupying approx. 3,385sq ft.

Ground Floor

Main Shop with suspended ceiling, concealed lighting and air conditioning.

Toilets.

Lower Ground Floor

Cellar Area.


BUSINESS: We are informed that Pizza Hut Uk Ltd lease the premises on a 10 year Lease from 22nd June 2016 at an annual rent of £60,000 pa.

We are informed that H Samuels lease their premises on a Lease expiring 01/11/24 at an annual Rent of £27,500 pa.

We are informed that Dome Brothers trading as Bet Fred lease the premises on a 5yr Lease from June 2021 at an annual rent of £38,000 pa.

Total annual Rent £125,500.

**WE ARE INFORMED THAT THE PROPERTY IS OPTED FOR VAT**


VIEWING: By appointment through Kenricks 01253 420420.


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Fee Information

The advertised rental figure does not include fees.