£130,000
Property for sale
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£130,000
Property for sale
Reads Avenue, Blackpool FY1Local area information
Property location
Nearby amenities
- Blackpool St John's Church of England Primary School 0.4 miles
- Revoe Learning Academy 0.5 miles
- Blackpool North 0.6 miles
- Blackpool South 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Blackpool to find out more about the local area.
Features and description
- To be offered on Wednesday 25 February
- Mixed Use Investment Opportunity
- Retail Unit with Three Bedroom Flat to the Upper Parts
- Includes 3 x Rear Garages
- Flat Let on AST
- Remaining Parts Vacant
- Evident Asset Management Potential Via Letting
- Erv Approx £25,000 per annum
- VAT-Free Investment
- Investment Let at £9,000 p.a. Plus Vacant Retail and Garages
- Erv Reflects 16% Gross Yield on Guide Price
Strapline
Auction Sale - 24/02/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Mixed Use Investment Opportunity with Evident Asset Management Potential
Retail Unit with Three Bedroom Flat to the Upper Parts Plus 3 x Garages to the Rear - Flat Let on an AST with Retail Unit and Garages Vacant and Offering Asset Management Potential Via Letting
Investment Let at £9,000 per annum
Description
The property comprises a mixed-use investment opportunity occupying a prominent pitch and benefitting from evident asset management potential.
Arranged as a ground floor retail unit with a three bedroom flat to the upper parts, the property is currently part-let, with the flat let to private individuals on an AST which expired 09.07.2025 and paying £9,000 per annum. We understand the tenant is continuing to pay rent and is therefore holding over.
We consider the property benefits from immediate asset management potential via letting of the vacant retail space. Furthermore the property has an opportunity to generate additional incomes via letting of the three garages to the rear, which are also vacant.
We consider the property may benefit from development potential via development/conversion of the rear garages to alternative uses (subject to obtaining the requisute consents).
The property occupies a prominent pitch fronting Reads Avenue in the heart of Blackpool. The property is adjacennt to Central Drive, the principal conduit street in Blackpool and 0.3 miles from Blackpool Central Pier.
Auction Sale - 24/02/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Mixed Use Investment Opportunity with Evident Asset Management Potential
Retail Unit with Three Bedroom Flat to the Upper Parts Plus 3 x Garages to the Rear - Flat Let on an AST with Retail Unit and Garages Vacant and Offering Asset Management Potential Via Letting
Investment Let at £9,000 per annum
Description
The property comprises a mixed-use investment opportunity occupying a prominent pitch and benefitting from evident asset management potential.
Arranged as a ground floor retail unit with a three bedroom flat to the upper parts, the property is currently part-let, with the flat let to private individuals on an AST which expired 09.07.2025 and paying £9,000 per annum. We understand the tenant is continuing to pay rent and is therefore holding over.
We consider the property benefits from immediate asset management potential via letting of the vacant retail space. Furthermore the property has an opportunity to generate additional incomes via letting of the three garages to the rear, which are also vacant.
We consider the property may benefit from development potential via development/conversion of the rear garages to alternative uses (subject to obtaining the requisute consents).
The property occupies a prominent pitch fronting Reads Avenue in the heart of Blackpool. The property is adjacennt to Central Drive, the principal conduit street in Blackpool and 0.3 miles from Blackpool Central Pier.
More information
Listed by
Savills - National Auctions
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