Sherbourne Road, Blackpool, FY1 Investment Property For Sale

Guide price £125,000 Starting bid
Bond: £0

Property Reference: INV220M

Contact the agent
  • Investment Property / Development Opportunity
  • Comprising Leased Shop, 2 Bedroom Apartment and Land with Outlined PP
  • North Shore, Blackpool
  • Substantial 2 Storey Corner Property
  • All Year Round Trading Location
  • Currently Draws £13,200 per annum Soon Rising to £14,400
  • In Excellent Order Throughout
  • Forecourt
  • Tremendous Potential to Develop Land
  • Priced to Sell
  • Viewing Recommended

Property Description

DESCRIPTION: **FOR SALE BY AUCTION** On behalf of Pattinson Auctions, Kenricks are delighted to offer this Investment Property / Development Opportunity for sale.

The property comprises a Ground Floor Retail Unit which is currently leased to a Mental Health Charity, a First Floor Luxury 2 Bedroom Apartment which is let and a Plot of Land to the rear which we are informed has outlined planning for the development of two 2 Bed Residential Dwellings.

This 2 storey corner property is situated in a prominent position in Sherbourne Road, North Shore, Blackpool.

Must be Viewed to be Appreciated.

80 Sherbourne Road, Shop

Ground Floor

Main Entrance leading to:

Open Plan Retail Area

Rear Office Area

Kitchen

Toilet

Exterior

Forecourt to the front with Car Parking

Land to the Rear

Small Plot of Land to the rear of the property.

80a Sherbourne Road

Ground Floor

Main Entrance leading to:

Internal staircase.

First Floor

Gorgeous Open Plan Lounge area with Fitted Kitchen.

Master Bedroom

Double Bedroom

Bathroom comprising 3-piece suite with shower over bath.

AGENTS NOTES: The first-floor apartment is centrally heated and is double glazed.

We are informed that outline planning has been passed for the development of two 2 Bed Residential Dwellings.

Sale subject to the fees, terms and conditions of Pattinson Auctions.

BUSINESS: We are informed the Ground Floor Shop is leased to a Mental Health Charity currently at a rent of £6,600 per annum but a new 5-year lease is in place to commence from 16th June 2025 at an increased annual rent of £7,800.

The First Floor 2 Bed Apartment is let on a shorthold tenancy agreement at £550.00 per calendar month.

The property draws an income of £13,200 per annum, which will rise to £14,400 per annum.


TENURE: Freehold.

PRICE IS A STARTING BID


VIEWING: By appointment through Kenricks 01253 420420.


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Fee Information

The advertised rental figure does not include fees.