Lot 4 - 18-22 Poulton Street, Kirkham, Preston, Lancashire, PR4 2AB
- Unconditional Online Auction Sale
- Guide Price* : £250,000
Addendum
Although the title register refers to 20 to 22 Poulton Street, the numbering on the ground is 18 to 22.
- Mixed Use Property Investment
- Mixed Use Property Investment Let at a combined annual equivalent income of £31,219.92.
- Good Location
- Market Town
Freehold mixed use property investment comprising two ground floor retail units and 3 x one bedroom flats and 1 x two bedroom flat. The property is fully let producing a combined annual equivalent income of £31,219.92.
Description
*VIDEO TOUR AND VIEWINGS AVAILABLE UPON REQUEST* The property comprises a three storey mid terraced property consisting of two ground floor retail units, 3 x one bedroom flats, 1 x two bedroom flat, small rear yard with outbuilding and car parking. The property is fully let producing a combined annual equivalent income of £31,219.92.
Location
The property is prominently located fronting Poulton Street, the main high Street in Kirkham with nearby retailers including national multiples together with a range of local independent stores. Kirkham is a market town that lies approximately midway between Preston and Blackpool, 1.5 miles south of Junction 3 of the M55 motorway.
Tenure
The property is held Freehold.
Accommodation
18 Poulton - One bedroom maisonette
20 Poulton - Two Sales Areas, Rear Store, Staff W.C and Kitchen Area 71.33 sq m (768 sq ft)
22 Poulton - Sales Area, Rear Room and Kitchen 46.73 (503 sq ft)
22a Poulton - One Bedroom Flat
22b Poulton - One Bedroom Flat
22c Poulton - Two Bedroom Flat
Outbuilding - 75.60 sq m (814 sq ft)
Outside
Small yard and car parking.
Tenancies
No 18 - The property is Let on an Assured Shorthold Tenancy agreement for a fixed term of 183 days from the 6th August 2020 at a current rent of £470pm.
No 20 - Ground Floor retail Let for a term of 6 years from the 19th November 2012 at a current rent of £650pm.
No 22 - Ground Floor retail Let for a term of 6 years from the 19th November 2012 at a current rent of £666.66pm
No 22a (Flat One) - The property is Let on an Assured Shorthold Tenancy agreement for a term of 6 months from the 2nd May 2018 at a current rent of £420pm.
No 22b - The property is Let on an Assured Shorthold tenancy agreement for a term of 6 months from the 9th November 2022 at a current rent of £395pm.
No 22c - Vacant.
EPC
Energy Performance Asset Rating - No 18 (Flat) - F. No 20 - C. No 22 - D. No 22a (Flat) - E. No 22b (Flat) - D
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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