For Sale £150,000 - Investment
(Tenant in occupation for over 25 years)
478/478A Blackpool Road
The premises occupy an excellent position in the heart of the Lane Ends shopping area fronting Blackpool Road, adjacent to Ashton Domestic Appliances, and in close proximity to Boots the Chemist, Spar, the Post Office, etc.
The premises comprise an end-terrace, two-storey property of brick and rendered construction under a pitch slate roof, together with parking space and small garage/store at the rear.
Ground Floor 600 sq ft (55.74 sq m)
Rear Garage 185 sq ft (17.18 sq m)
First Floor Bedroom, lounge/kitchen, shower-room.
The ground floor is currently let to Preston Travel Centre on the basis of a 5 year lease from 1 September 2016, at an annual rent of £7,800 pa.
The first floor comprises a one-bedroom flat, with lounge/kitchen and shower-room with its own self-contained entrance. The flat is currently vacant and should achieve on the open market a rent of £450 per month.
Once the flat is let the annual income should be £13,200 pa.
An Energy Performance Certificate is available upon request.
The property is not elected for VAT.
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
We are instructed to seek a price of £150,000 (One Hundred and Fifty Thousand Pounds) for the freehold interest, subject to contract.