St Georges, Cleveleys, FY5 3LT

DESCRIPTION - ** SOLD CLEVELEYS INVESTMENT OPPORTUNITY - LIGHT INDUSTRIAL/RETAIL - INCOME £55,231 PER ANNUM - A COMBINATION WORKSHOP/OFFICE & RETAIL WITH LAND/CAR PARKING. AUCTION 24-25 May 2023

An excellent investment opportunity which has only become available due to the proposed retirement of the owner/s.

A multi functional site comprising a mixture of Light Manufacture/Office & Retail plus Car Parking. The investment continues to prove popular with both established and emerging businesses.

A brief synopsis of the buildings is detailed below with limited information in order to preserve tenant harmony - All serious enquirers will be furnished with full information post viewing:

Fully Let Retail / Industrial & Office Investment With Parking – Producing £55,231 pa.


An excellent investment opportunity which has only become available due to the proposed retirement of the owner/s.

A multi-functional site comprising a mixture of Light Manufacture, Office & Retail Units totalling approximately 722 m2 / 7,773 sq.ft plus Car Parking

Briefly comprising as follows: -

1 St Georges Lane – mainly ground floor showroom with rear workshop and first floor offices, totalling approximately 288.2 m2 / 3,103 Sq.Ft. plus adjoining car park appx (0.19Acre)

St Georges House - Two Storey Unit Sub divided into 4 units.
Units 1 & 3 – 156.8 m2 / 1688 Sq Ft
Unit 2 – 70.6 m2 / 760 Sq Ft
Unit 4 – 72.8 m2 / 783 Sq Ft

Lynx House (17 St Georges Lane) - Two Storey Detached Warehouse / Offices appx 133.7 m2 / 1439 Sq Ft

Tenure: Freehold
Title number: LA911793


EXTERIOR:
Building 1 has a gated car park of appx 773 m2 (0.19 Acre)
Building 2 has a covered car park to the Rear with designated tenant parking spaces

TENANCIES
We are informed that the properties are currently let as follows: -

1 St Georges Lane –
Let to Mobility 2000 until April 2026 at a current rent of £26,500 pa (w.e.f. 1st May 2023)
NB a new 5-year lease has been verbally agreed with possible rental increase.

St Georges House -
Units 1 & 3 – let to Tower Gaming until 31st December 2024 at a current rent of £9,000 pa.

Unit 2 – let to private individuals t/as Munro Print until 31st December 2026 at a rent of £6,750 pa, next rent review 1st July 2024.

Unit 4 - let to private individual as art studio until 31st April 2024 at a rent of £4,713 pa.

Lynx House (17 St Georges Lane)
Let to private individuals (Electrical Contractors) until 31st December 2026 at a rent of £8,268 pa,

TOTAL RENTAL INCOME = £55,231 PA

SERVICES
All units are separately metered.

Tenure: Freehold

EPC Rating: C, C, D, C, E

Call for your free auction valuation

At the time of inspection all units were fully occupied..