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Commercial property for auction

Lancashire, FY5 - Get Access

Description

A mixed-use investment opportunity comprising ground floor and part first floor commercial premises extending to approximately 268.73 Sq M (2,892 Sq Ft) and currently occupied by an established electrical appliance retail business. The remainder of the first floor and second floor comprises a three bedroom flat let to a professional tenant. The property is fully let and producing a combined rent of £33,300 per annum. The property is located in the centre of Cleveleys, a short distance from the main thoroughfare of Victoria Road West, and just 1 mile from the A585 Amounderness Way, which provides access to the M55 motorway. An opportunity to acquire a well let investment property, occupied by a tenant that has been trading from this location for 20 years, in excellent condition.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 2,892 sq ft (Listing)

The property is a mixed-use investment comprising ground floor commercial premises and a first and second floor flat. The valuation is based on the income generated from the fully let property and an analysis of comparable investment sales. The commercial space extends to approximately 2,689 sq ft and the residential flat provides three bedrooms. The property is located in the centre of Cleveleys.

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