Property For Sale

Property description

Kenricks are delighted to offer this rare opportunity to purchase this Freehold Investment
property which is situated on Blackpool's Promenade.

This substantial 4 storey property occupies a prime location and has the Company 'Loans 2 Go' as their tenant to the ground floor retail unit. We have been informed the ground floor recently underwent a complete refurbishment exceeding costs of £50,000.

The First, Second and Third Floors have planning permission for the development of 3 x 2 bed apartments
and 1 x 1 bed apartment.

A further £50,000 has been spent on the upper units to secure the structure and the roof along with new windows throughout.

Property Reference INV389K

---

Ground Floor

Reception with counter area.
Office.
Office.
Office/Kitchenette.
WC.



Lower Ground Floor

Cellar Area.



First Floor

Area requiring renovation.



Second Floor

Area requiring renovation.



Third Floor

Area requiring renovation.



Exterior

Car park to the rear for 3 motor vehicles.



Agents Notes

The ground floor area has suspended ceiling and carpets. Plans available on request together with a copy of the current lease.

Business
We are informed that Loans 2 Go have a 5yr internal repairing Lease from March 2013 to February 2018 at a Rent of £22,500 per annum occupying the ground floor only.



Tenure

Freehold.

Viewing
By appointment through Kenricks.

WE CAN ASSIST IN ARRANGING FOR THE PURCHASE OF YOUR NEW BUSINESS.

Property Features :

• Leased Retail Unit with Additional Planning Permission for 4 Apartments
• Central Blackpool
• International Loan Company as Tenants in Shop
• Tremendous Potential
• Suit Developer/Investor