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Comprising Leased Retail Unit & 3
Self-Contained Apartments
* Town Centre, Fleetwood, Lancashire
* Superb Trading Location
* Substantial 3 Storey Property
* Potential to Convert the 2 Larger Apartments
Further – Subject to Planning Permission
* In Good Order Throughout
* Annual Rental Income when Fully Let £27,120
* Viewing Highly Recommended
Description: Kenricks are pleased to offer this substantial Investment property comprising a Long-Leased Retail Unit and 3 Self-Contained Apartments.
The property is situated in the busy trading location of Lord Street in Fleetwood, Lancashire. Next door is Iceland Food Stores and close to other major retailers such as Boots Chemist and also a Wetherspoons.
There is also potential to convert the 2 larger apartments into 2 further apartments if desired - subject to planning permission, which could generate further income.
Ground Floor Retail Unit
Currently Leased to Stationery For Less on their 5th renewal of a 6yr Lease.
Flat - The Coach House
Lounge/Bedroom.
Kitchen.
Shower and Toilet.
First Floor – Flat A
Lounge.
Fitted Kitchen.
2 Bedrooms.
Shower and Toilet.
Second Floor – Flat B
Lounge.
Fitted Kitchen.
3 Bedrooms.
Shower and Toilet.
Exterior: Secure gated yard to the rear.
Agents notes: Flat A and Flat B have their own central heating system installed. The Coach House has electric heaters.
Business: We are informed that Stationery for Less Ltd have a 6yr Lease from 11th February 2019 at a Rent of £11,000 per annum. Flat A draws £6,240 pa. Flat B draws £6,240 pa. The Coach House draws £3,640 pa. When fully Let total rental income is £27,120 pa.
Tenure: Leasehold : 999 Year Lease from 1899 with a fixed peppercorn rent
Viewing: By appointment through Kenricks