Victoria Road West, Thornton-Cleveleys, Lancashire, FY5 1BU
  • Purchase Price: £175,000
  • Rental Income: £20,000pa
  • Yield: 11.4%
Three storey commercial property fully let for £20,000 pa on an FRI lease. Yield: 11.4%

The property is currently let to one tenant who is using the upper floors for storage. The first floor benefits from A3 planning, and the current tenant has agreed they will consider amending their lease agreement to only include the ground floor with a small reduction on the rent. This would allow the upper floors to be converted STP.

The upper floors are accessed by a self-contained front door giving easy access for future development.

Development of the upper floors would greatly enhance the gross rental value and increase the yield of the property.
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