Acquired
Blackpool – Shop & Vacant Office
8 Deansgate, Blackpool FY1 1BNFreehold Retail Investment with Residential Development Potential
Tenure
Freehold
Lease Term
6 Years
Years Left on Lease
1y
Area
1,345 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor shop and self-contained office space at first and second floor
- Residential development potential, subject to obtaining the necessary consents
- Total area size 125 sq m (1,345 sq ft)
- Shop let until 2026 (No breaks)
- Rent review in 2023 linked to RPI
- Located within 5 min walk to Blackpool North Train Station and Blackpool North Pier
- Nearby occupiers include hair salon, convenience store, takeaway and others
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises ground floor café and self-contained office accommodation at first and rear second floor.
The property provides the following accommodation and dimensions:
Ground Floor: Café 65 sq m (700 sq ft)
First Floor: Office - 3 Rooms 45 sq m (485 sq ft)
Second Floor: Office - 1 Room 15 sq m (160 sq ft)
Total area size: 125 sq m (1,345 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Café 65 sq m (700 sq ft)
First Floor: Office - 3 Rooms 45 sq m (485 sq ft)
Second Floor: Office - 1 Room 15 sq m (160 sq ft)
Total area size: 125 sq m (1,345 sq ft)
Tenancy Description
The ground floor shop is at present let to an Individual for a term of 6 Years from 8th January 2020 at a current rent of £9,000 per annum and the lease contains full repairing and insuring covenants. Rent review in 2023 linked to RPI. No breaks. The first and rear second floor office is at present vacant.
Tenancies & Accommodation
Location Description
Blackpool is one of England’s most popular holiday destinations, enjoying excellent road access via the M55 to the M6 (Junction 32). The property is Located near the junction with Abingdon Street, in this partially pedestrianised thoroughfare leading to Topping Street, in the town centre and amongst a variety of cafés, restaurants and independent retailers.
