Size: 2,950 Sq Ft (274.06 Sq M)
For Sale
Property Details
For Sale: £375,000 Offers In The Region Of
Key Features
Mixed-use investment opportunity
Attractive seaside location, close to local amenities
Comprises a mix of retail and residential units
Substantial end of terrace property
Well maintained throughout
Fully let - producing a current income of £28,320 per annum (Gross Yield of 7.55%)
Capital Value of £127.11 per sq ft
Held Freehold under Title No. LA668802
Offers in the Region of £375,000
Description
The subject property comprises a substantial end terrace mixed use property of traditional cavity red brick construction with stone detailing, set beneath a pitched and slated roof covering. The property features dormer windows to the front and rear and includes a large rear extension.
The ground floor provides for a small self-contained, pavement fronted retail unit, currently trading as a hair dressing salon. The same benefits from a large display window and is predominantly open plan in terms of its layout, with kitchen and WC facilities located to the rear.
The remainder of the property has been converted to provide for 3 x well-maintained residential units, as follows: -
3 Bedroom Maisonette - Private access from the rear, or through the communal corridor, the maisonette offers a living room and fully fitted kitchen at ground floor level, with access to a private rear garden. The upper floors provide two double bedrooms and a family bathroom, plus a third bedroom with an en-suite (currently utilised as an office).
2 Bedroom Flat - Located on the first floor, the flat comprises an open plan living/kitchen area, one double bedroom, one single bedroom and a 3-piece bathroom suite.
1 Bedroom Flat - Located on the second floor, offering a spacious 1 bedroom flat comprising a large double bedroom, open plan living/kitchen area and compact bathroom suite.
All units are finished to a good standard and have been well-maintained by both the Landlord and Tenants.
The property also benefits from a sizeable basement, accessed internally or from the rear garden.
Location
Lytham St Annes is an attractive and affluent seaside town located on the Fylde Coast, located south of Blackpool. The town comprises four areas, Lytham, Ansdell, Fairhaven and St Annes-on-the-Sea, with a combined population of over 42,000 (2021 Census).
The subject property itself is located on Alexandria Drive, in a mixed commercial and residential area. Alexandria Drive is situated aproximately 250 yards from the popular St Annes Beach and within easy access of local amenities.