Mixed Use Investment Opportunity - Generating £18,072 Per Annum
Not inspected internally but understood to comprise a two-storey mixed-use buidling 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 £9,972 per annum, holding over on a 10-year lease from April 1999. 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: £18,072 per annum (£1,506 pcm) 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.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating 31A&B - C, 31C - G, 2 Leeds - TBC
Blackpool Borough Council
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.
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Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.