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7 Church Rd

2,300 SF 100% Leased Retail Building Lytham St Annes FY8 5LH $517,225 ($225/SF) 8.24% Cap Rate

Investment Highlights

  • Town Centre Location
  • Good Retail Frontage
  • Situated on the High Street

Executive Summary

This commercial investment property, located in Lytham town centre comprises Ground and first floor commercial space Located on Church Road, a continuation of Clifton Street (Lytham High Street) Currently occupied by Chu's Chinese Restaurant Long standing tenant Current rental income: £35,000 pa exc Occupied on the remainder of a 20 year lease dated 31st March 2008. Internally and externally the building is presented to a high standard.
Ground floor Area: 132 sq m / 1,420 sq ft Comprises: Restaurant seating space, Customer reception area and Takeaway waiting seating. Bar, Ladies and Gents WC's and Disabled WC. Rear entrance onto the rear garden. First floor Area: 81.7 sq m / 880 sq ft, plus circulation areas. Comprises: Main commercial Kitchen, Office, Storerooms, Bathroom/WC. Total Combined Area: 2,300 sq ft plus circulation areas.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
2,300 SF
Year Built
1960
Price
$517,225
Price Per SF
$225
Cap Rate
8.24%
NOI
$42,595
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.02
Lot Size
0.05 AC
Frontage
21 FT on Church Road

Amenities

  • Signage

Nearby Major Retailers

Sainsbury's
Caffe Nero
Costa Coffee
The Coffee Bean & Tea Leaf
Santander
Lounges
Booths
Co-operative Food
  • Listing ID: 33230179

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: 7 Church Rd, Lytham St Annes FY8 5LH

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