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144 Lytham Rd 723 sq ft Retail Property Blackpool FY1 6DZ £174,950 (£241.98/sq ft) 8.92% Net Initial Yield

INVESTMENT HIGHLIGHTS
- Short Drive To Blackpool Pleasure Beach
- Two Modern SC Flats - Tenanted
- Fish & Chip Takeaway & Restaurant - Tenanted
EXECUTIVE SUMMARY
The commercial area within this property is all within the ground floor and this is currently operating as a fish and chip takeaway/restaurant. The business has large branding and signage above a glazed frontage. The takeaway has a fully fitted four pan range and two chip servers. There is also a serving counter and a five pan bain marie. There is also a spacious dining room with toilet facilities as well as a preparation kitchen and a wet room for rumbling and chipping. The lower ground floor is currently used by the business tenant as a storage area.
The two residential flats are within the first and second floor. These are both two bedroomed. The first floor flat comprises of a lounge, kitchen, two bedrooms and bathroom. The second floor flat comprises of a lounge, kitchen, two bedrooms and bathroom with shower. The property benefits from double glazing throughout, gas central heating and each flat has individual electric and gas meters.
The two residential flats are within the first and second floor. These are both two bedroomed. The first floor flat comprises of a lounge, kitchen, two bedrooms and bathroom. The second floor flat comprises of a lounge, kitchen, two bedrooms and bathroom with shower. The property benefits from double glazing throughout, gas central heating and each flat has individual electric and gas meters.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Fast Food
Property Size
723 sq ft
Costar Property Class
B
Year Built
1900
Price
£174,950
Price per sq ft
£241.98
Yield
8.92%
NOI
£15,600
Tenancy
Single
Number of Floors
2
Plot ratio
0.46
Total Plot Size
0.04 ac
Frontage
15 ft on Lytham Road
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Storage Space
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144 Lytham Rd
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