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    Property Details

    -A Victoria Road West, Cleveleys, Thornton-Cleveleys, FY5 3LG

    Summary

    Status: Sold STC

    Property Type: Residential Investment
    Tenure: Freehold

    Bedrooms: 7
    Bathrooms: 2
    Reception Rooms: 2

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    LOUNGE KITCHENETTE BATHROOM WC ROOM EN-SUITE ROOM ROOM ROOM ROOM ROOM

    Property Features:

    • MIXED USE INVESTMENT
    • SHOP WITH RESIDENTIAL UNIT ABOVE
    • PREVIOUSLY USED AS A HMO
    • SHOP LET AT 5200 PA
    • RESIDENTIAL UNIT IN NEED OF RENOVATION
    • DEVELOPMENT POTENTIAL
    • SEVEN ROOM ACCOMODATION
    • POTENTIAL INCOME 20,990 PA - 35% - 42% YIELD!!!
    • IDEAL TRADING LOCATION
    • LOW MAINTENANCE GARDEN TO THE REAR

    AUCTION GUIDE: £50,000
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    Description:

    SOLD PRIORGUIDE PRICE: 50,000 - 60,000***MIXED USE INVESTMENT - ONE SHOP CURRENTLY LET AND RESIDENTIAL ACCOMMODATION ABOVE IN NEED OF RENOVATION*** This investment property is ideally located in the heart of Cleveleys centre close to many trading businesses, transport links and The Promenade. SWICH is currently let at approx 5000 PA and the accommodation above has been previously used as a HMO and providing planning is obtained, a further 307.50 PW should be easily achievable creating an additional 15,990 PA TOTALLING 20,990 PA - 35% - 42% YIELD!!! Whilst requiring full renovation, this property would be ideal for a developerinvestor looking to transform and produce a fantastic income. Low maintenance garden to the rear. PLEASE CALL IN ADVANCE FOR VIEWINGS. Please note this sale is subject to a buyers premium of 500 + VAT.

    Rooms:

    GROUND FLOOR    


    SWICH SHOP    
    Currently let at 5200 PAUsed as a sandwich shop.

    FLAT ENTRANCE    


    FIRST FLOOR    


    LANDING    


    LOUNGE    3.94m (12' 11") x 3.74m (12' 3")


    KITCHENETTE    1.61m (5' 3") x 1.38m (4' 6")


    BATHROOM    2.84m (9' 4") x 2.27m (7' 5")


    WC    


    ROOM    3.84m (12' 7") x 4.66m (15' 3")


    EN-SUITE    1.85m (6' 1") x 2.38m (7' 10")


    ROOM    6.54m (21' 5") x 4.23m (13' 11")


    ROOM    4.53m (14' 10") x 3.91m (12' 10")


    ROOM    3.17m (10' 5") x 2.25m (7' 5")


    SECOND FLOOR    


    ROOM    3.89m (12' 9") x 4.95m (16' 3")


    ROOM    3.63m (11' 11") x 6.66m (21' 10")


    ROOM    3.04m (10' 0") x 3.44m (11' 3")


    EXTERIOR    
    Accessed from the travel agents, sandwich shop, and the accommodation. Low maintenance garden and gate to the rear.

    ADDITIONAL INFORMATION    
    SWICH is currently let at 5200 PA and SUNSEEKERS is currently let at 8250 PA generating 13,450 PA. The accommodation above has been previously used as a HMO and providing planning is obtained, a further 307.50 PW should be easily achievable creating an additional 15,990 PA TOTALLING 29,440 PA - 21% - 22.6% YIELD!!! ( This yield has been worked out based on a five bed HMO at LHA room share rates at 61.50)

    Additional Images:

    Map and Street View:

    Please note that this service is not intended to pinpoint the actual address.
    Photographs are for the guidance only of prospective purchasers and must not be relied upon as statements of fact.

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