7 Church Rd
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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.
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
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7 Church Rd
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