No longer on the market
This property is no longer on the market
MapRetail property (high street)
Features and description
- Investment Property Comprising Leased Café and Separate 2 Bed Apartment
- Blackpool
- Substantial 3 Storey Building
- Busy All Year Round Trading Location
- In Good Order Throughout
- Currently Draws £13,572 per annum
- Priced to Sell
- Forecourt
We are pleased to offer to auction this Investment Property for sale.
The property comprises a Ground Floor Café which is currently leased on a 3 year Lease as a well-known and popular business called The Teapot Café and a separate 2 Bedroom Duplex Apartment which is Let on a shorthold tenancy.
We are informed The Teapot Café has been successfully trading for the past 15 years.
This substantial 3 storey property is situated in the busy and popular trading location of Lytham Road, South Shore, Blackpool.
Viewing recommended.
Please note we have not inspected this property.
Rooms
Location
The subject property is situated on Lytham Road in South Shore, Blackpool. The area is a large mix of commercial and residential properties with an extremely high level of footfall and traffic and is a short walk to the promenade. Blackpool is located 9.6 miles south of Fleetwood, 17 miles west of Preston and 50 miles northwest of Manchester.
Accommodation
Ground Floor (approx. 560sq ft)
Main Entrance leading to:
The Teapot Café
Open Plan Café with suspended ceiling and fitted counter with preparation area.
Kitchen with fitted sink unit.
Toilet with baby changing facilities.
Lower Ground Floor
Cellar Area for storage
219a Lytham Road (Apartment)
Ground Floor
Main entrance leading to hallway and staircase.
First Floor
Large open plan lounge area with feature fireplace.
Fitted Kitchen with wall and bas units and wood affect flooring.
Bedroom 1
Bathroom with tiled walls and comprising 3-piece suite.
Internal Staircase leading to:
Second Floor
Bedroom 2
EXTERIOR: Forecourt to the front of the property. Yard to the rear.
Business
We are informed that the ground floor is Leased on a 3 year Lease from 14th December 2023 at a Rent of £7,272 pa. The apartment above is Let on a shorthold tenancy at a Rent of £6,300 pa. The property draws £13,2572 per annum
Tenure
Freehold. Title number LA563078.
Rateable Value
The current rateable value is £4,100 (1 April 2023 to present).
Sourced from VOA.
EPC
Available upon request (rating D).
Agent Notes
The first floor apartment is double glazed. Sale subject to the fees, terms and conditions of Pattinson Auctions.
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