Retail in FY1

Market Street, Blackpool, Lancashire, FY1 1EX

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Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Three storey mixed use premises
  • Ground/first floor let to Subway
  • Second floor 2 bed apartment
  • Fully tenanted investment
  • Annual income of £25,200
  • Long leasehold (1000y from 1805)

Retail in FY1

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer this three storey mixed us investment property for sale, which consists of a leased ground floor Subway shop and a 2 bed apartment above. The apartment has central heating and is double glazed. The property currently generates an annual income of £25,200, offering an ideal investment opportunity. Viewing highly recommended.

Please note we have not inspected this property.

Summary

  • Property Type: Retail
  • Tenure: Leasehold
  • Parking: None

Location

The subject property is well located along Market Street, Blackpool. The property is located within Blackpool Town Centre within walking distance of the North Pier and Blackpool Tower. There is easy access to all local amenities and transport links. The subject property is 56 miles north of Liverpool and 80 miles west of Leeds.

Accommodation: Subway

GROUND FLOOR
Main entrance leading to open plan dining area and servery counter fitted out to a very high standard with tiled floors, suspended ceiling and air conditioning.
Kitchen area with air conditioning, tiled flooring and shelving to the walls.

FIRST FLOOR
Open plan dining area with tiled flooring, suspended ceiling and air conditioning.
Storeroom.
Ladies and gents toilet.

Accommodation: Flat

External entrance to the rear of the property.

FIRST FLOOR
Main Entrance and internal staircase leading to second floor.

SECOND FLOOR
Open plan lounge and fitted kitchen with wood effect flooring.
Bedroom 1.
Bedroom 2.
Shower and toilet.

EXTERNAL
Forecourt for the use of Subway. Entrance to apartment to the rear of the property with first floor decking area.

Lease Details

The property is currently let as below:

Ground and first floor - let to a Subway reality UK on a 15 year renewable lease from 2009 at a rent of £20,000+VAT perannum.
Second floor - apartment let on a shorthold tenancy at a rent of £100 per week to a long-standing tenant.

The total annual income is £25,200. Full tenancy information will be provided in the legal pack.

Tenure

Long leasehold of 1000 years from 31 January 1805. Title number LA940777.

Rateable Value

The adopted rateable value is £10,500 as of 1st April 2023. Sourced from VOA.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. 

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
​£250,001 to £750,001 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

 

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