Property description

Kenricks are pleased to offer this substantial Investment Property for sale.
This investment building comprises of three separate properties. There is a large ground floor commercial unit let to a tenant trading as Janitorial Catering Supplies, a ground and first floor building let as a whole to a tenant trading as Quik Quid Bakery and a separately accessed two bedroom flat at 1a Castlegate.

Property Reference 0DC3453

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Ground Floor

286-292 Lytham Road
The property is currently leased as a successful bakery selling sandwiches, cakes, pies and pastries.
The property occupies a prominent position on the busy Lytham Road directly opposite Wetherspoons and neighbouring other retail units and established businesses.
Main Shop - (approx. 841sq.ft)
Which has recently been refurbished to a high standard.



First Floor

Lounge.
Kitchen.
2 x Bedrooms.
Bathroom.

AGENTS NOTES: The property is protected by steel shutters to the front.

Ground Floor
282-284 Lytham Road

The property occupies a highly visible corner location on the busy Lytham Road and is let.

Main Shop (approx. 1,023sq.ft.) with suspended ceiling and carpets. The unit has been divided into a number of booths.
Kitchen.
WC.
Storage Space (approx. 122 sq. ft.)
Additional Storage Space (approx. 123 sq.ft.)
Rear Store (approx. 501 sq.ft.), which could be used as secure car parking if desired.

Lower Ground Floor
Cellar (approx. 1000 sq.ft.)

AGENTS NOTES: The property is protected by steal shutters to the rear store.

Ground Floor..
1a Castlegate

Ground Floor Entrance leading to:

First Floor..
Fabulous 45 ft long hallway leading to:
Lounge (approx. 232 sq. ft.)
Dining room (approx. 253 sq. ft.)
Fitted Kitchen (approx. 140 sq. ft.)
Master bedroom (approx. 209 sq. ft.)
Bedroom (approx. 86 sq. ft.)
Bathroom (approx. 130 sq. ft.) comprising of a 3 piece suite.

The property is central heated.



Exterior

1a Castlegate
Balcony garden area



Tenure

Freehold

Business
RENTAL INCOME
PROPERTY 1:
282 - 284 Lytham Road - Ground Floor SHOP
The large ground floor retail unit is let to a company trading as Janitorial Catering Supplies at a rental of £10,000 pax, we are informed.


PROPERTY 2:
1a Castlegate - 2 BEDROOM FLAT
The two bedroom flat is currently let on an AST at a rent of £125.00 per week (£6,500 pax).


PROPERTY 3:
286 - 292 Lytham Road -
Ground & First Floor Premises
We are informed there is an internal repairing 5 year lease with a 12 month break clause with the tenant paying £8,000 pax.


COMBINED RENTAL INCOME:
The combined rental income from the whole building, we are informed, is £24,500 pax.

Viewing
Viewings through Kenricks.

Property Features :

• Investment Property
• Comprises of a Catering with Unit with Accommodation
• Retail Unit and Substantial 2/3 Bed Apartment
• All Year Trading Location
• Opposite Witherspoon