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289-291, Whitegate Drive, , Blackpool, FY3 9JY
4,245 Sq Ft / Retail
Withdrawn - Last updated: 06 August 2021
Summary
Freehold Retail Investment Opportunity on behalf of M J Cowlishaw & D J Langton, Joint Administrators.
Location
The property is located on Whitegate Drive, a busy arterial road, circa 1 mile southeast of Blackpool town centre. Blackpool is a large coastal town located approximately 43 miles northwest of Manchester. The surrounding area is predominantly residential in use albeit there are several retail uses in the vicinity. Nearby occupiers include B&M Bargains, Papa Johns Pizza and Subway.
Summary
The property comprises a large convenience store with ancillary ground floor storage and staff accommodation and an associated car park with seven spaces.Internally, the retail area benefits from suspended ceilings and air conditioning.The gross internal retail area is 4,245 sq ft. (394 sq m).
Income
The property is leased to Carringtons (Whitegates) Limited for a 10 year term from 26 May 2017. The annual rent is 20,000 for the first year and increases to 40,000 until the end of the term from 27 May 2018. Subject to a rent review at the 5th anniversary of the lease.
Guide Price
Offers in the order of 500,000 are invited on an unconditional basis.
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