Freehold Retail Investment
Freehold Retail Investment
The property is situated in a prominent location on the northern side of Church Street, one of Blackpool's prime pedestrianised retailing thoroughfares. The property is situated within 25 metres of Blackpool Grand Theatre and diagonally opposite Marks & Spencer with other nearby occupiers including Burton, Greggs and Accessorize.
Freehold.
The property is situated in a prominent location on the northern side of Church Street, one of Blackpool's prime pedestrianised retailing thoroughfares. The property is situated within 25 metres of Blackpool Grand Theatre and diagonally opposite Marks & Spencer with other nearby occupiers including Burton, Greggs and Accessorize.
Freehold.
The property comprises a ground floor retail unit with storage/office accommodation on the first floor.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with storage/office accommodation on the first floor.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Storage |
85.75 sq m 72.37 sq m |
(923 sq ft) (779 sq ft) |
PAUL & MAUREEN CARPENTER (t/a Newsagents and Tobacconists) |
10 years from 10/02/2006 on a full repairing and insuring lease |
£74,000 | 10/02/2011 (09/02/2016) (3) |
| Totals | 158.12 sq m (1) |
(1,702 sq ft) (1) |
£74,000 (2) |
||||
(2) The current landlord has agreed a personal rent concession with the tenant whereby they are currently paying £47,500 p.a.x. in monthly instalments, and not £74,000 p.a.x. as stated in the lease.
(3) The 2011 rent review is outstanding.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
