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251-253 Promenade

1,582 SF 100% Leased Retail Building Blackpool FY1 6AH $558,459 ($353/SF) 9.48% Cap Rate

Investment Highlights

  • Prime and excellent trading location on the Promenade in Blackpool.
  • Attractive Waterfront Location
  • The newly updated Tram system stops close by and provides ease of commuting along the Sea Front and Promenade.

Executive Summary

The building comprises:
A large ground floor commercial Premises leased to a Fish & Chip Shop / Restaurant business. Rental: £2,000 per month / £24,000 pa exc.
This is an ideal location for a Fish & Chips shop operation. Benefitting from the wealth of passing pedestrian and vehicle trade provided by the world famous Blackpool Promenade.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,582 SF
Year Built
1960
Price
$558,459
Price Per SF
$353
Cap Rate
9.48%
NOI
$52,926
Percent Leased
100%
Building Height
3 Stories
Building FAR
0.54
Lot Size
0.07 AC
Frontage
16 FT on Promenade

Amenities

  • Waterfront

Nearby Major Retailers

Starbucks
Costcutter
Farmfoods
ALDI
Iceland
National Westminster Bank Plc
Lidl
SPAR
Nando's
Las Iguanas
  • Listing ID: 33280528

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 251-253 Promenade, Blackpool FY1 6AH

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