Lot 5 - 66 Poulton Street, Kirkham, Preston, Lancashire, PR4 2AH
- Unconditional Online Auction Sale
- Guide Price* : £90,000
- Mixed Use Property Investment
- Let at a combined annual equivalent income of £13,200
- Good Location
- Market Town
Freehold mixed use property investment consisting of ground floor retail and flat above, fully let producing a combined annual equivalent income of £13,200.
Description
*VIDEO TOUR AND VIEWINGS AVAILABLE UPON REQUEST* The property comprises a three storey terrace arranged as a ground floor retail unit and a two bedroom flat above which is accessed at the rear. The property is fully let producing a combined annual equivalent income of £13,200.
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
Basement
Ground Floor: Front and rear sales areas and rear Kitchen 56.97 sq m (613 sq ft)
First and Second Floor: Two Bedroom Flat assumed to comprise Living Room, Kitchen, Two Bedrooms and Bathroom/W.C
Outside
Rear yard providing access to the flat.
Tenancies
The retail unit is Let T/A Serendipity House on a 10 year lease ending 23rd September 2029 at a current rent of £625pm.
The flat is let on an Assured Shorthold Tenancy agreement for a term of 6 months from the 1st September 2016 at a current rent of £475pm.
EPC
Energy Performance Asset Rating. Retail Unit - C. Flat - TBC
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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