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
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
  • On Behalf of a Major Fund Manager
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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
  • 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

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)

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    22.01.20
    File Size
    743 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.20
    File Size
    545 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 South Quay, Victoria Quays
Sheffield
S2 5SY
Carol Davies 0114 279 4003Carol.Davies@cms-cmno.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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