87 Bond Street, Blackpool, Lancashire, FY4 1BW

Lot Image

Auction sale - Monday 13th July 2015

Result:

Sold for £115,000.

  • Freehold retail/office building
  • Mainly let to National Westminster Bank Plc until 2026 (approximately 11 years unexpired)
  • Producing £6,000 per annum plus vacant building with long term development opportunity

Details

Location

The Lancashire seaside resort of Blackpool is one of England's foremost holiday locations and has a residential population of 142,000 (2001 estimate), which increases substantially during the summer months. The town lies approximately 50 miles north-west of Manchester and 21 miles west of Preston and has good road links via the M55 Motorway (Junction 4).

Bond Street runs north-south in the town centre, parallel to The Promenade (A594) and Lytham Road (B5262). The property is south of the town centre, at the junction of Bond Street and Dean Street. Nearby occupiers include a mixture of residential guest houses and local retailers.

Description

The property comprises two interconnecting buildings situated on a corner plot of 0.09 acres (0.04 hectares). The banking facilities are located on the ground floor, with basement ancillary accommodation. There is a vacant adjacent self-contained building which extends over ground and first floor levels.

Tenure

Freehold.

VAT

We are not aware of any VAT liability.

Energy Performance Certificate

For EPC Rating please see website.

Address Tenant Floor Use Sq M Sq Ft Lease terms Rent £ pa
TOTAL 299.42 3,223 £6,000
87 Bond Street National Westminster Bank Plc Basement/Ground Bank 168.15 1,810 21 years from 09/06/2005 £6,000
Vacant Ground/First Office 131.27 1,413 Vacant
(1) The areas have been supplied by the vendor

Contact

Seller's solicitor

Hamlins LLP

(Mark Hurst)

020 7355 6000

mhurst@hamlins.co.uk

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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