32-36 Waterloo Road, Blackpool, Lancashire FY4 1AB

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Sold for

£342,000

Additional Costs / Fees will apply

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Property Details

Location

Description

A three-storey mid-terrace property arranged as three retail units to the ground floor and a gymnasium over the first and second floors. The property extends to approximately 763 Sq M (8,210 Sq Ft) being majority let and producing a combined income of £33,259 per annum.

Location

The property is located in an established retail area fronting Waterloo Road, between St Bede's Avenue and Bolton Street. Blackpool is located on the Lancashire coast approximately 17 miles west of Preston, 15 miles west of the M6 motorway and accessible via the M55 motorway.

Accommodation

Description	Sq M	Sq Ft
Ground Floor - 34 Waterloo Road (Retail Unit):	165	1,775
Ground Floor - 36 Waterloo Road (Retail Unit):	227	2,442
Ground Floor - 36a Waterloo Road (Kiosk):	17	183
First & Second Floors - 32-36 Waterloo Road (Gym):	354	3,810
Total:	763	8,210

Approx Site Area

Approximately 0.05 Hectares (0.13 Acres).

Tenure

Unknown

Planning

Interested parties should consult direct with the Local Planning Authority: Blackpool Council, O Box 17, Municipal Buildings, Corporation Street, Blackpool, FY1 1LZ. Telephone: 01253 476 193.

Tenancy

32 Waterloo Road: Let to an individual as a gymnasium by way of 10 year lease from 26 August 2019 at a rent of £5,759 per annum. The lease is subject to 5% annual rental increases.

34 Waterloo Road: Let to Trinity Hospice by way of a 10 year lease from 31 May 2018 at a rent of £12,500 per annum. There is a tenant break clause on 2 July 2024 subject to a financial penalty payable by the tenant.

36 Waterloo Road: Let to Savers Health & Beauty Limited by way of a 5 year lease from the 1 January 2020 at a rent of £15,000 per annum. There is a tenant break clause on 27 February 2023.

36a Waterloo Road (Kiosk Unit): Vacant.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

VAT

We understand the transaction will not be subject to VAT.

General

1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 22ND FEBRUARY AND CLOSES ON WEDNESDAY 23RD FEBRUARY.

3. The property is entered in the 2017 Rating List with the following assessments:

34 Waterloo Road: "Shop & Premises" - RV £10,000
36 Waterloo Road: "Shop & Premises" - RV £16,250
1st and 2nd Floors at 32 Waterloo Road: "Gymnasium & Premises" - RV £6,300
38 Waterloo Road: "Shop & Premises" - RV £1,700

Please note that the Rateable Value (RV) is not the amount payable.

4. Energy Performance Certificate = D.