76 Talbot Rd 922 sq ft 4-Star Retail Property Blackpool FY1 1LR £130,000 (£141.00/sq ft)

The property comprises a high yielding, multi-let, retail investment occupying a prominent pitch close to Blackpool North Railway Station. Arranged as two ground floor retail units with associated upper parts, the property is let to two tenants on leases expiring 2030 and paying a combined £21,000 per annum. 72 Talbot Road is let on a five year lease expiring 31.01.2030 and paying £12,600 per annum. 76 Talbot Road is let on a five year lease expiring 05.12.2030 and paying £8,400 per annum. Both units have upcoming rent reviews in the next 24 months, offering asset management potential via improvement of rents. Furthermore we consider the property may benefit from development potential by converting the upper parts to residential use (subject to leases and any requisite consents). The property occupies a prominent pitch with a frontage to Talbot Road, an arterial route benefitting from high levels of footfall. Nearby occupiers include Home Bargains, Heron Foods and Cancer Research.