Lot 1 - 2, 4 and 6 St. Andrews Road South and 9 The Crescent, Lytham St. Annes, Lancashire, FY8 1SR
- Unconditional Online Auction Sale
- Guide Price* : £225,000
- Mixed Use Investment mostly Let producing £32,700pa
- Three Ground Floor Retail Units with 4 Flats Above
- Potential to increase the income by circa £5,760 per annum
- Prominent position
- Town centre
Mixed use property comprising a row of 3 retail units with 4 flats above, part let at a a combined gross annual equivalent rent of £32,700 with one of the units currently vacant.
Description
*VIDEO TOUR AND VIEWINGS AVAILABLE UPON REQUEST* The property comprises a three storey terrace consisting of 3 retail units to the ground floor with 4 self contained flats to the upper floors. Two of the retail units and 4 of the flats are currently occupied producing a combined gross annual equivalent rent of £32,700. The vacant retail unit was previously Let at £5,760pa.
Location
Situated in a prominent position at the junction of St Andrews Road South and The Crescent, in the town centre of St Annes. The railway station (St Annes-on-Sea) is within 100m and on street parking is available adjacent to and opposite the property.
Tenure
The property is held Leasehold for a term of 980 years from the 1st September 1888.
Accommodation
2 St Andrews Road South - Ground floor retail unit trading as a Barber Shop
4 St Andrews Road South - 4 x one bedroom self contained flats arranged over first and second floors.
6 St Andrews Road South - Ground floor retail unit trading as a Mobility Shop
9 The Crescent - Ground floor corner retail unit
Tenancies
2 St Andrews (Barbers Shop) - Let on a 5 year Lease from the 28th September 2021 at a rent of £5,000 per annum.
6 St Andrews (Mobility Shop) - Let on a 3 year Lease from the 11th April 2022 at a rent of £5,500 per annum.
Flat 1, 4 St Andrews - Let on an AST for a term of 6 months from the 23rd February 2019 at a current rent of £450pcm.
Flat 2, 4 St Andrews - Let on an AST for a term of 6 months from the 1st September 2006 at a current rent of £450pcm.
Flat 3, 4 St Andrews - Let on an AST for a term of 6 months from the 29th September 2023 at a current rent of £475pcm.
Flat 4, 4 St Andrews - Let on an AST for a term of 6 months from the 17th November 2021 at a current rent of £475pcm.
9 The Crescent - Vacant.
EPC
Energy Performance Asset Ratings as follows. 2 St Andrews - D. 6 St Andrews - E. 9 The Crescent - D. Flat 1, 4 St Andrews - D. Flat 2, 4 St Andrews - D. Flat 3, 4 St Andrews - C. Flat 4, 4 St Andrews - D.
Council Tax Band
A
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.Additional Information
1. Please note the photographs of Flat 4 have been provided by the managing agents and are from before the flat was occupied.
2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Additional Documents
Office Contact
Important Documents
Agreement Documents
Related Documents
- Assisted Bidding Form
- 2 St. Andrews Rd South Extra Material Information
- Flat 1 4 St. Andrews Rd South Extra Material Infor
- Flat 2 4 St. Andrews Rd South Extra Material Info
- Flat 3 4 St. Andrews Rd South Extra Material Info
- Flat 4 4 St. Andrews Rd South Extra Material Info
- 6 St. Andrews Rd South Extra Material Info
- 9 The Crescent Extra Material Info
- View EPC
- View EPC
- View EPC
Legal Documents
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