Mixed Use Investment Opportunity - Generating £18,600 Per Annum

Mixed Use Investment Opportunity - Generating £18,600 Per Annum Not inspected internally but understood to comprise a two-storey mixed-use building briefly comprising 2x ground floor retail units and self-contained flat arranged on the first floor, situated in a prominent corner position fronting Whitegate Drive. 31a & b Whitegate – comprising a ground floor retail unit currently Let as a café/takeaway at £10,500 per annum, 7 year lease from October 2017. 31c Whitegate Drive – comprising a ground floor retail unit currently Let to a Cobblers on a 7-year lease from October 2015 at £3,900 per annum. 2a Leeds Road – comprising a first floor self-contained flat Let on an AST at £4,200 per annum. Total Income: £18,500 per annum Tenancy & Tenure Please refer to legal pack for further information including leases. Accommodation We have taken the Net Internal Floor Areas from the VOA as follows: 31a & b Whitegate: 57.7 sq m (621 sq ft) 31c Whitegate: 21.1 sq m (227 sq ft) Location: The property is situated in a prominent corner position predominantly fronting Whitegate Drive (A583), close to local amenities including shops, local businesses and schools. Blackpool’s promenade is located approximately 1.5 miles from the property. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating 31A&B - C, 31C - G, 2 Leeds - TBC

Local Authority

Blackpool Borough Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.