Lot 4 - 2 & 4 Queen Street, Blackpool, Lancashire, FY1 1PD
- Unconditional Online Auction Sale
- Guide Price* : £300,000
Three storey double fronted terrace arranged as two ground floor retail units let at £26,000 per annum and a redevelopment opportunity to the first and second floors.
Description
The property comprises a substantial double fronted three storey terrace arranged as two shop units to the ground floor and residential accommodation to the upper floors. The shop units are trading as a convenience store and a fast food takeaway. The upper floors are in need of a full refurbishment/development. The current rent on the shop unit is £500 per week.
Location
The property is prominently situated fronting Queen Street and the corner of the Strand close to the Promenade. Queen Street is predominantly a leisure pitch with nearby occupiers including the Walkabout and Popworld.
Accommodation
Ground Floor:
Convenience Store
Fast Food Take Away
2 Queen Street
First Floor: Lounge, Two Rooms and W.C
Second Floor: Kitchen, Shower Room, Lounge and Three Rooms
4 Queen Street
First Floor: Five Rooms
Second Floor: Six Rooms
Tenancies
The ground floor units are let on a single lease for 7 years from 10th May 2019 at an initial rent of £26,000 per annum, with 3 yearly rent reviews. The tenant is Amigo's (Blackpool) ltd with a personal guarantor.
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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