Property photos
Offers over
£2,250,000
Property for sale
Mixed Use Investment Opportunity, Wood Street, St. Annes On Sea, Lancashire FY8Local area information
Property location
Nearby amenities
- The St Anne's College Grammar School 0.2 miles
- St Annes-on-the-Sea 0.2 miles
- Red Rose School (SEN) 0.3 miles
- Ansdell & Fairhaven 1.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Comprising of residential apartments, office with cafe, restaurant, leisure/nightclub premises and car park
- Located in st. Annes town centre
- May also suit owner/occupier or developer
- Rental income potential £240,000 pa exc
- Potential to increase revenue through letting of 21-23 wood street and asset management of existing stock
- Possibility to split assets
- Prime location in the towns 'restaurant quarter'
- Significant levels of local development and major infrastructure Projects due for completion in 2024
- 7 large apartments made up of 6 x 2 beds and 1 x 1 bed (buildings totalling c.6,198 sq ft) with long standing tenancies (ASTs) on relatively low rents
- Tiggis Restaurant - trading from the location for over 40 years (200 covers)
- Senior Moments Care llp, head office and care hub. Lease renewal through to August 2028 (3,118 sq ft) with parking
- 21-23 Wood Street available to let, with imposing frontage and valuable/underutilised terrace fronting Wood Street
- New air-handling units fitted to roof of 21-23 Wood Street in October 2021
- Valuable town centre car park
- Existing rental income totalling c.£145,000 p.a.
- Potential to increase revenue through letting of 21-23 Wood Street and asset management of existing stock
- Total Market Rent in the region of £240,000 p.a.
- Possibility to split assets
- Suitable for investors, developers or owner occupiers with the majority of the site producing well established income
- Full tenancy schedule, floor plans & EPC's available on request
- We are seeking offers over £2,250,000 (Two Million Two Hundred and Fifty Thousand Pounds) exclusive of VAT and Subject to contract
- Long leasehold interest with c.850+ years unexpired term at nominal ground rent
- Significant levels of local development and major infrastructure Projects due for completion in 2024
- 7 large apartments made up of 6 x 2 beds and 1 x 1 bed (buildings totalling c.6,198 sq ft) with long standing tenancies (ASTs) on relatively low rents
- Tiggis Restaurant - trading from the location for over 40 years (200 covers)
- Senior Moments Care llp, head office and care hub. Lease renewal through to August 2028 (3,118 sq ft) with parking
- 21-23 Wood Street available to let, with imposing frontage and valuable/underutilised terrace fronting Wood Street
- New air-handling units fitted to roof of 21-23 Wood Street in October 2021
- Valuable town centre car park
- Existing rental income totalling c.£145,000 p.a.
- Potential to increase revenue through letting of 21-23 Wood Street and asset management of existing stock
- Total Market Rent in the region of £240,000 p.a.
- Possibility to split assets
- Suitable for investors, developers or owner occupiers with the majority of the site producing well established income
- Full tenancy schedule, floor plans & EPC's available on request
- We are seeking offers over £2,250,000 (Two Million Two Hundred and Fifty Thousand Pounds) exclusive of VAT and Subject to contract
- Long leasehold interest with c.850+ years unexpired term at nominal ground rent
More information
Listed by
Duxburys Commercial
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