FOR SALE
Mixed Retail/Trade Counter Investment

Woodman Centre
Vicarage Lane
BLACKPOOL
FY4 4ND

• Popular retail/trade counter location with nearby occupiers including B&M, Halfords, Topps Tiles, JD Gym, Screwfix, etc.
• Fully let with tenants including Dreams and Toolstation.
• Current gross income £153,957 pa.

LOCATION
Blackpool remains the most popular seaside resort in the UK and is located in the county of Lancashire, approximately 15 miles west of Preston, 29 miles north of Liverpool and 40 north-west of Manchester. The town serves an urban population of 261,000.
Blackpool benefits from excellent transport communications, being served by the M55 motorway which provides a direct link to J32 of the M6 motorway approximately 12 miles to the east. In addition Blackpool Railway Station provides regular direct access to Manchester, Liverpool and Preston, which in turn offer direct services to London.
Blackpool being one of the most well-known and popular seaside resorts in the UK, attracts 10 million visitors each year with an estimated £1 billion spent per annum (Lancashire and Blackpool Tourist Board). There is a variety of key tourist attractions in Blackpool which include the Tower, the Pleasure Beach, various theme parks and amusement parks, the Golden Mile, etc.

SITUATION
The property is situated at the junction of Vicarage Lane and Sanderson Way in the popular retail and trade counter location. Nearby occupiers include the likes of B&M Bargains, Screwfix, Smyths Toys, JD Sports, Topps Tiles, Halfords, etc.

DESCRIPTION
The property comprises a small retail/trade counter park which has been created out of a former car dealership. The development is made up of 3 separate buildings, a small showroom, a larger showroom which has been divided into 4 units and a smaller unit situated at the rear of the site. To the front and side of the site, there is on-site parking

ACCOMMODATION
The property provides the following approximate floor areas:

Unit 1A	Trinity Hospice	GF Sales	3,050 sq ft
Unit 1B	Toolstation	GF Sales	4,100 sq ft
Unit 1C, E & F	Dreams	GF Sales FF Sales	8,300 sq ft 1,506 sq ft
Unit 1D	Sandwich Bar	GF Sales	750 sq ft
Unit 3A, B, C & D	Whitaker Decorators	GF Sales	1,625 sq ft
Building 2	Trinity Hospice	GF Sales/Office	2,250 sq ft
Building 3	Pilates Studio	FF Studio	1,625 sq ft

RENTAL INCOME
The property is let in accordance with the attached tenancy schedule and currently generates £153,957 pa.

TENURE
Freehold.

TENANTS
The tenant line up is Trinity Hospice, Toolstation, Dreams, Whitaker Decorators, a Sandwich Bar and a Pilates Studio.
A full tenancy schedule is attached.

PRICE
Offers in the region of £1,625,000 subject to contract.

VAT
The property is elected for VAT. Providing certain criteria are met, the transaction will may be treated as a Transfer of a Going Concern.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, we are obliged to undertake AML due diligence for both the purchasers and vendors involved in a transaction. As a result, detailed financial personal and/or corporate information will be required before any transaction can conclude. Full details of the information required can be provided upon request.

PROPOSAL
We are instructed to seek offers in excess of £1.625,000. A purchase at this price would reflect a net initial yield of 8.93% allowing for usual purchaser’s costs.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in the transaction.