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Property Listing Details

7 bed property for sale

Victoria Road West, Thornton-Cleveleys FY5

Guide price

£50,000

Features

  • 7 bedrooms
  • 2 bathrooms
  • 2 reception rooms
  • Freehold
  • Mixed use investment
  • Shop with residential unit above
  • Previously used as A hmo
  • Shop let at £5200 P/A
  • Residential unit in need of renovation
  • Development potential
  • Seven room accomodation
  • Potential income £20,990 P/A - 35% - 42% yield!
  • Ideal trading location
  • Low maintenance garden to the rear

Description

For sale by public auction - Friday 17th August 2018 at 11AM at the macdonald tickled trout hotel, preston new road, PR5 0UJ, off jnc 31 of M6
guide price: £50,000 - £60,000
***mixed use investment - one shop currently let and residential accommodation above in need of renovation*** This investment property is ideally located in the heart of Cleveleys centre close to many trading businesses, transport links and The Promenade. Swich is currently let at approx £5000 P/A and the accommodation above has been previously used as a hmo and providing planning is obtained, a further £307.50 pw should be easily achievable creating an additional £15,990 P/A totalling £20,990 P/A - 35% - 42% yield! Whilst requiring full renovation, this property would be ideal for a developer/investor looking to transform and produce a fantastic income. Low maintenance garden to the rear. Please call in advance for viewings. Please note this sale is subject to a buyers premium of £500 + VAT.

Swich Shop

Currently let at £5200 P/A
Used as a sandwich shop.

Lounge (3.94m (12' 11") x 3.74m (12' 3"))

Kitchenette (1.61m (5' 3") x 1.38m (4' 6"))

Bathroom (2.84m (9' 4") x 2.27m (7' 5"))

Room (3.84m (12' 7") x 4.66m (15' 3"))

En-Suite (1.85m (6' 1") x 2.38m (7' 10"))

Room (6.54m (21' 5") x 4.23m (13' 11"))

Room (4.53m (14' 10") x 3.91m (12' 10"))

Room (3.17m (10' 5") x 2.25m (7' 5"))

Room (3.89m (12' 9") x 4.95m (16' 3"))

Room (3.63m (11' 11") x 6.66m (21' 10"))

Room (3.04m (10' 0") x 3.44m (11' 3"))

Exterior

Accessed from the travel agents, sandwich shop, and the accommodation. Low maintenance garden and gate to the rear.

Additional Information

Swich is currently let at £5200 P/A and sunseekers is currently let at £8250 P/A generating £13,450 P/A. The accommodation above has been previously used as a hmo and providing planning is obtained, a further £307.50 pw should be easily achievable creating an additional £15,990 P/A totalling £29,440 P/A - 21% - 22.6% yield! ( This yield has been worked out based on a five bed hmo at lha room share rates at £61.50)

Floorplan

No floorplan available

Contact the agent

Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • St Teresa's Catholic Primary School 0.2 miles
  • Thornton Cleveleys Manor Beach Primary School 0.4 miles
  • Poulton-le-Fylde 2.8 miles
  • Layton (Lancs) 2.9 miles

Price history

Sold prices provided by Land Registry
8th May 2018 £50,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Metcalfs Estate Agents. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Metcalfs Estate Agents for full details and further information.