64 - 70 Church Street Blackpool Lancashire FY1 1HP

64 - 70 Church Street
Blackpool
Lancashire
FY1 1HP

Freehold Vacant Retail & Leasehold Ground Rent Investment

Pedestrianised city centre location adjacent to Greggs
Part let to Leicestershire County Council on a lease expiring 2050 (sublet)
Includes 2 vacant shops
Close proximity to Blackpool Tower and The Winter Gardens
Nearby occupiers include Pizza Express, Greggs, British Heart Foundation and Costa Coffee

Lot
50
Auction
12th February 2020
Rent
£1,000 per Annum Exclusive
Status
Sold
Price
£150,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN
On Behalf of a Major Fund Manager

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Freehold Vacant Retail & Leasehold Ground Rent Investment

Pedestrianised city centre location adjacent to Greggs
Part let to Leicestershire County Council on a lease expiring 2050 (sublet)
Includes 2 vacant shops
Close proximity to Blackpool Tower and The Winter Gardens
Nearby occupiers include Pizza Express, Greggs, British Heart Foundation and Costa Coffee

Lot 50
Auction 12th February 2020
Rent £1,000 per Annum Exclusive
Status Sold
Price £150,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 18 miles west of Preston; 28 miles west of Blackburn; 56 miles north of Liverpool
Roads: A583, A584, A66, M55 (Junction 4),; M6 (Junction 32)
Rail: Blackpool North Rail
Air: Blackpool International Airport; Liverpool John Lennon Airport; Manchester International Airport

Situation

The property is situated in a prominent position on the northern side of Church Street, one of Blackpool's principal pedestrianised retailing thoroughfares. The Grand Theatre Blackpool and Houndshill Shopping Centre are within close proximity, with other nearby occupiers including
Marks & Spencer, Pizza Express, Greggs, British Heart Foundation, Halifax, Savers and Costa Coffee.

Tenure

Freehold. 68 & 70 Church Street is Freehold. 64/66 Church Street is Leasehold. Held on 2 leases both for 100 years (less 10 days) from 1st August 1951 at a combined rent of £1,500 p.a. (Rent fixed for the term)

Location

Miles: 18 miles west of Preston; 28 miles west of Blackburn; 56 miles north of Liverpool
Roads: A583, A584, A66, M55 (Junction 4),; M6 (Junction 32)
Rail: Blackpool North Rail
Air: Blackpool International Airport; Liverpool John Lennon Airport; Manchester International Airport

Situation

Tenure

Description

The property comprises three shops all arranged on ground and first floors.

VAT

VAT is applicable to this lot.

Planning

68 & 70 Church Street may benefit from part conversion to residential use, subject to the necessary consents/permissions. Interested parties are referred to Blackpool Council (www.blackpool.gov.uk).

EPC

See legal pack at acuitus.co.uk

Description

The property comprises three shops all arranged on ground and first floors.

VAT

VAT is applicable to this lot.

Planning

68 & 70 Church Street may benefit from part conversion to residential use, subject to the necessary consents/permissions. Interested parties are referred to Blackpool Council (www.blackpool.gov.uk).

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Floor	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
64/66 Church Street Ground First	Retail Ancillary	156 sq m 28 sq m	(1,679 sq ft) (301 sq ft)	LEICESTERSHIRE COUNTY COUNCIL (sublet) (1)	Term of 99 years from 1/08/1951 expiring 20/07/2050	£1,000	20/07/2050
68 Church Street Ground First	Retail Ancillary	121 sq m 151 sq m	(1,302 sq ft) 1,625 sq ft)	VACANT
70 Church Street Ground First	Retail Ancillary	169 sq m 181 sq m	(1,819 sq ft) (1,949 sq ft)	VACANT
Total		806 sq m	(8,675 sq ft)			£1,000

(1) The shop is sublet and trades as Poundbakery/Poundcafe

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.