Amco Commercial

Tel: 0161 773 3978

Email: enquiries@amcomanagement.com

3 Middleton Road
Manchester
Lancashire
M8 5DT

44/44a, Victoria Road West, Thornton-Cleveleys

Reduced £175,000

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  • Rental Income: £20,000pa
  • Yield: 11.4%

Amco Commercial are please to offer this three storey commercial property fully let for £20,000 pa on an FRI lease.

The property is located on a busy pedestrianised town centre street and benefits from excellent passing trade.

The property is currently let to one tenant who is using the ground floor for retail, and the upper floors for storage. The first floor benefits from A3 planning, and the current tenant has indicated that they would be agreeable to giving up the upper floors in exchange for a small reduction on the rent. This would allow the upper floors to be converted STP.

The upper floors are accessed by a self-contained front door giving easy access for future development.

The development of the upper floors would greatly enhance the gross rental value and increase the yield of the property.

The property is sold on a 999 year leasehold.

The current yield is 11.4%.

If you are interested in arranging a viewing or to request further information, please contact one of our agents.

 

Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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