£900,000 /Sale price

Kenricks are delighted to offer this substantial Investment Property for Sale. This Substantial 3 Storey Property comprises of 2 retail units and 7 self contained flats. One of the retail units is let and one is currently being used by a family member but will be offered with vacant possession. 4 of the flats are currently let and the further 3 flats are undergoing renovation. The property is situated in the popular residential location of Clifton Drive, just outside the town centre of St Annes on Sea. Viewing Highly Recommended. Retail Unit Ground Floor Treatment Room. Smaller Treatment Room. Back Wash. Store Area Retail Unit 2 Treatment Room. WC. Small Laundry. Separate Entrance 1 Leading to 5 x Flats Ground Floor Main Communal Entrance leading to: Hallway. Lift (currently not in use). Flat 5 (Needs some renovation) Open Plan Lounge/Kitchen Conservatory leading to Garden Shower and Toilet. Separate Bathroom comprising 3-piece suite with shower over bath. 2 x Double Bedrooms. First Floor Flat 1 Open Plan Lounge / Kitchen. Double Bedroom 1. Jack and Jill Bathroom comprising 3-piece suite with shower over bath. Double Bedroom 2. Flat 2 Hallway Open Plan Lounge / Kitchen Double Bedroom. Double Bedroom with WC and access to Private Balcony. Bathroom comprising 3-piece suite with shower over bath. Second Floor Flat 3 Open Plan Lounge / Kitchen. Double Bedroom x 2. Bathroom comprising 3-piece suite with shower over bath. Flat 4 (Split Level Maisonette) Open Plan Lounge / Kitchen. Bathroom comprising 3-piece suite with shower over bath. Double Bedroom Stairs leading to: Double Bedroom with Private Balcony with Sea View. Separate Entrance Leading to: Ground Floor Flat (2 Bedroom) and First Floor Flat (2 Bedroom) Currently undergoing renovations. EXTERIOR: Car Park to the front of the property with parking for 10 motor vehicles. Generous Yard / Garden Area to the rear which can be accessed by 2 of the flats. BUSINESS: Flat 1,2,3 and 4 each draws £8,340 per annum (£33,360 in total) Flat 5, 6 and 7 are currently under renovation. Fully let and with a slight rental uplift the flats would draw £63,840 per annum. One of the commercial units is let at £7,200 per annum and there is also scope to let the second unit (currently used by a family member) at a rent of £7,200 per annum. TENURE: Freehold PRICE: £900,000 VIEWING: By appointment through Kenricks .