Freehold Retail Investment
Freehold Retail Investment
Lytham is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated on the north side of Clifton Street, the principal retailing street in Lytham. Nearby occupiers include Santander, Greggs, Tesco and Oxfam.
Freehold.
Lytham is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated on the north side of Clifton Street, the principal retailing street in Lytham. Nearby occupiers include Santander, Greggs, Tesco and Oxfam.
Freehold.
The property comprises a ground floor retail unit and self contained upper parts comprising residential on the first and second floors which is let on a long lease.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit and self contained upper parts comprising residential on the first and second floors which is let on a long lease.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|
| Ground | Retail | 239.8 sq m |
(2,583 sq ft) |
SAVERS HEALTH & BEAUTY LTD (1) |
10 years from 23/09/2016 (2) |
£45,000 | 23/09/2021 (23/09/2026) (2) |
| First Second |
Residential | Not Measured |
INCEPTUM2 LTD | 999 years from 01/05/1896 |
Peppercorn | ||
| Total Commercial Floor Area |
239.8 sq m |
(2,583 sq ft) |
£45,000 | ||||
(1) For the 53 weeks ending 31st December 2016, Savers Health & Beauty Ltd reported a turnover of £416,708,000, a pre-tax profit of £36,319,000 and a net worth of (negative) -£46,070,000. (Experian 10/11/2017).
(2) The lease provides for a tenant option to determine the lease on 23/09/2021
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