251-253 Promenade 1,582 SF 100% Leased Retail Building Blackpool FY1 6AH £449,500 (£284.13/SF) 9.48% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prime and excellent trading location on the Promenade in Blackpool.
- Attractive Waterfront Location
- The newly updated Tram system stops close by and provides ease of commuting along the Sea Front and Promenade.
EXECUTIVE SUMMARY
The building comprises:
A large ground floor commercial Premises leased to a Fish & Chip Shop / Restaurant business. Rental: £2,000 per month / £24,000 pa exc.
This is an ideal location for a Fish & Chips shop operation. Benefitting from the wealth of passing pedestrian and vehicle trade provided by the world famous Blackpool Promenade.
A large ground floor commercial Premises leased to a Fish & Chip Shop / Restaurant business. Rental: £2,000 per month / £24,000 pa exc.
This is an ideal location for a Fish & Chips shop operation. Benefitting from the wealth of passing pedestrian and vehicle trade provided by the world famous Blackpool Promenade.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,582 SF
Year Built
1960
Price
£449,500
Price Per SF
£284.13
Net Initial Yield
9.48%
NOI
£42,600
Percent Leased
100%
Number of Floors
3
Building FAR
0.54
Lot Size
0.07 AC
Frontage
16 ft on Promenade
AMENITIES
- Waterfront
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NEARBY MAJOR RETAILERS
