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Floorplan
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    Key features

    • High Yielding Retail Investment
    • Comprises two retail units
    • Let to two national tenants Savers and Trinity Hospice
    • Upper parts sold off on long lease
    • Prominent retail location
    • Located in Blackpool Town Centre
    • Freehold
    • Investment let at £27,500 p.a.(12.79% GIY on guide price)

    Description

    The property comprises a high yielding multi let retail investment let to national tenants Savers and Trinity Hospice. Arranged as two ground floor retail units with the upper floors sold off on long leasehold.

    The ground floor retail units are let to Savers and Trinity Hospice at £15,000 p.a. and £12,500 p.a. respectively, both are long-standing tenants of 10+ years, displaying confidence in the location.

    The property occupies a prominent pitch with frontage to Waterloo Road, a well-established local retail street within the South Shore area of Blackpool. The location lies close to the junction with Bond Street and is characterised by a mix of independent retailers, local services and a number of established operators including Heron Foods, Betfred and Coral, together with a variety of other independent occupiers.

    Additional information

    Tenure

    Freehold

    Tenancy

    Please Refer to tenancy schedule

    Rent

    £27,500 p.a

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The property occupies a prominent position within the FY4 1AB postcode area, on one of the main approach roads into Blackpool town centre, and is within easy walking distance of local amenities and retail provisions, with the principal shopping areas around Waterloo Road and the Promenade nearby, where national occupiers include Boots and Iceland.The property also benefits from good public transport links, being close to local bus stops along the main road and within walking distance of Blackpool South Railway Station


      Transport

      Blackpool South Railway Station – 1.2 Miles

      Transport

      Blackpool South Rail Station 0.2 Miles


      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums