4 The Crescent St.Annes-on-Sea Lytham St Annes Lancashire FY8 1SN

  • 4 The Crescent<br>St.Annes-on-Sea<br>Lytham St Annes<br>Lancashire<br>FY8 1SN

4 The Crescent
St.Annes-on-Sea
Lytham St Annes
Lancashire
FY8 1SN

Retail and Residential Investment

  • Newly refurbished shop in popular and prosperous town
  • Nearby occupiers include Santander Bank, Caffè Nero, and Bonmarché
  • Shop let to Intus Lettings on a new 5 year lease
  • Two Vacant Residential Flats on Upper Floors
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    1
  • Auction
    16th February 2017
  • Rent
    £10,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Retail and Residential Investment

  • Newly refurbished shop in popular and prosperous town
  • Nearby occupiers include Santander Bank, Caffè Nero, and Bonmarché
  • Shop let to Intus Lettings on a new 5 year lease
  • Two Vacant Residential Flats on Upper Floors
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 1
  • Auction 16th February 2017
  • Rent £10,000 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
50 miles north-west of Manchester, 14 miles west of Preston
Roads
A583, A584, M55 (Junction 4)
Rail
St Annes-On-Sea Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

St Annes is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated on the pedestrianised Crescent in a prominent trading location in the heart of St Annes town centre. The property is close to The Burlington Centre which houses occupiers including Boots the Chemist, New Look and William Hill. Other nearby occupiers include Santander Bank, Caffè Nero, and Bonmarché.

Tenure

Virtual Freehold. Held for a term of 980 years (less 3 days) from 01/09/1888.

Location
Miles
50 miles north-west of Manchester, 14 miles west of Preston
Roads
A583, A584, M55 (Junction 4)
Rail
St Annes-On-Sea Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

St Annes is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated on the pedestrianised Crescent in a prominent trading location in the heart of St Annes town centre. The property is close to The Burlington Centre which houses occupiers including Boots the Chemist, New Look and William Hill. Other nearby occupiers include Santander Bank, Caffè Nero, and Bonmarché.

Tenure

Virtual Freehold. Held for a term of 980 years (less 3 days) from 01/09/1888.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement and residential flats on the upper two levels.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with ancillary accommodation in the basement and residential flats on the upper two levels.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
Basement		 Retail/Ancillary
Ancillary
67.30 sq m
44.80 sq m
(724 sq ft)
(482 sq ft)
 INTUS LETTINGS
LIMITED (1)		 5 years from
14/10/2016		 £10,000 (2) 13/10/2021
First Residential
1 Bedroom Flat
 VACANT POSSESSION      
Second/Third Residential
3 Bedroom Maisonette
 VACANT POSSESSION      
Total Commercial Area
112.10 sq m
(1,206 sq ft)
     £10,000 (2)  

(1) Intus Lettings trade from branches in Manchester, Ilkeston and Lytham St Annes (Source: wwwintuslettings.com 21/12/2016).
(2) The current rent is £7,500 p.a.x. rising to £10,000 p.a.x. on 14th October 2017. The seller has agreed to adjust the completion monies so that the unit effectively produces £10,000 p.a.x. from completion of the sale.

Contacts

Seller's Solicitors
Fladgate LLP 16 Great Queen Street
London
WC2B 5DG
Gavriel Cohen 0203 036 7250gcohen@fladgate.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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