The Promenade, Blackpool, Lancashire, FY1 4RU
£10,000+
Investment
Key Features
- A rare opportunity to acquire a high yielding retail kiosk investment property fronting The Promenade adjacent to the World famous Blackpool Tower
- Fully let and producing £8,000 per annum.
- Offered For Sale on a new 999 year long leasehold basis.
Part of the
17 October 2024
auction
at
2.30PM
A rare opportunity to acquire a high yielding retail kiosk investment property fronting The Promenade adjacent to the World famous Blackpool Tower, fully let and producing £8,000 per annum.
- Blackpool is one of Europe's largest tourist destinations
- 50 miles north west of Manchester, 45 miles from Liverpool
- M55 connects with the M6/M62 near Manchester
- Rail links to London Euston, Liverpool, Manchester & Preston
- Blackpool International Airport is 2 miles south of the town
- Comprising a 2 metre square lock-up kiosk unit
- Tenant sells Rock, drinks, souvenirs, buckets and spades, etc
- Fronts The Promenade, adj Wetherspoon's & Blackpool Tower
- The tenant uses a similar area of the pavement to display stock
- High levels of pedestrian footfall passing the kiosk every day
- The kiosk benefits from an electric roller shutter door
- Power supply, lighting, water/sink and fuse cupboard
- A rare high yielding investment opportunity
Contact Auction Estates on 0115 7844600
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
The property is offered For Sale on a 999 year long leasehold basis at a peppercorn rent. Let on a 2 year lease expiring 1st August 2026 at a rent of £8,000 pa
Refer to Legal Pack
Email: rebecca.toates@brownejacobson.com
Telephone: 0115 908 4862