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20 Benson Rd 309 sq ft Retail Property Blackpool FY3 7HP £60,000 (£194.17/sq ft) 9.17% Net Initial Yield
Investment Highlights
- EPC Rating E
- Double-glazed and electric-only premises
- Potential rental income of approximately £5,500 per annum
- Shared rear yard access and communal toilet
- Suitable for a variety of commercial uses (subject to planning)
Executive Summary
This freehold retail property is offered for sale by auction with a starting bid of £60,000. The premises comprise an empty split-level retail unit positioned within a small parade of shops on Benson Road, North Shore, Blackpool. Arranged over ground and lower ground floors, the property is suitable for a variety of commercial uses subject to any necessary consents. The unit has recently been vacated and is reported to have an estimated rental value of approximately £5,500 per annum. The property benefits from double glazing, electric services, a forecourt, shared rear yard access, and parking to the front.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
309 sq ft
Costar Property Class
B
Year Built
1924
Price
£60,000
Price per sq ft
£194.17
Yield
9.17%
NOI
£5,500
Tenancy
Single
Number of Floors
3
Plot ratio
0.62
Total Plot Size
0.01 ac
Frontage
9 ft on Benson Rd
Amenities
- Corner Lot
1 1
Nearby Major Retailers
1 of 7
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20 Benson Rd
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