18-20 Clifton Street, Blackpool, Lancashire, FY1 1JP
The property is situated within the town centre on Clifton Street which is an established commercial and retail location. Access is from Talbot Road (A586) and the area has seen various street scene improvements in recent years and the site immediately adjacent to the property is to be developed as a Premier Inn and Beefeater restaurant.
Three storey building arranged as retail to the ground floor, with separately accessed offices to the first and second floor. The office element benefits from a lift (not-tested) and the majority of the accommodation is open plan to each floor, with some cellular offices and dedicated kitchen and male & female WCs to each demise.
We detail below the following approximate measurements: Ground Floor: Sales: 69 sq m (743 sq ft) Storage/Kitchen/Office: 45 sq m (484 sq ft) First Floor: Offices: 115 sq m (1,238 sq ft) Second Floor: Offices: 107 sq m (1,152 sq ft) Total: 336 sq m (3,617 sq ft)
1) The ground and first floors are let to Life 2009 at a current rent of ú14,000 per annum expiring on 27th August 2022. There is a rent review and tenant break option for either the whole demise or just the first floor on 27th August 2017 (note the tenant did not operate a break available in 2015). The tenant is also paying service charge of ú1,650 per annum for the ground floor and ú2,750 per annum for the first floor. Both service charges increase by ú50 per annum. 2) The second floor is let to a private individual trading as Preston and Bedford Chartered Surveyors at a current rent of ú6000 per annum expiring on 28th September 2018, with a tenant break option on 29th September 2017. The lease also reserves a fixed service charge of ú2,800 rising by ú50 per annum each year.
VAT is payable on the sale price unless the conditions are satisfied for it to be treated as a TOGC.
1) The Vendor has received a a Party Wall Notice stating that the development on the adjacent site is due to commence. 2) Energy Performance Asset Rating = E.
This lot has SOLD PRIOR to the auction.
FY1 1JP Open in Google Maps
You may also like:
Get In Touch
Do you have a query, or a property to sell? Complete this form and an expert will be in touch promptly.
Mon-Fri: 09:00am - 5:30pm