14-17 Preston New Rd 7,810 SF 100% Leased Office Building Blackpool FY3 9LT $1,033,605 ($132.34/SF) 20.20% Cap Rate

INVESTMENT HIGHLIGHTS

  • Popular Business Park Location
  • Easy Access to The M55 / M6 Motorway
  • Extending Garden Area to the Rear

EXECUTIVE SUMMARY

Office investment opportunity, located on Metropolitan Business Park in Blackpool. The whole building comprises 4 no. office buildings, combined. The property is split into various offices and offers office space, meeting room hire, and virtual offices on a flexible basis. There is also the potential to reconfigure the current layout to provide two further offices, then increasing the current rental income potential. The current rental income potential for the building is £12,765 pcm / £153,180 pa, rising to £13,465 pcm / £161,580 pa with the additional two offices. There are 16 no. allocated car parking spaces to the front and additional on road car parking available nearby. The sale of this Office investment allows the option for an investor and business operator to continue the successful running of the Serviced Office business. It also provides an option for part owner occupation. A new owner could occupy some of the office space for themselves, whilst benefiting from the rental income and additional income streams from the remainder of the leased space.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
7,810 SF
Building Class
B
Year Built
2000
Price
$1,033,605
Price Per SF
$132.34
Cap Rate
20.20%
NOI
$208,762
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,905 SF

AMENITIES

  • Security System
  • Listing ID: 34548894

  • Date on Market: 1/21/2025

  • Last Updated:

  • Address: 14-17 Preston New Rd, Blackpool FY3 9LT