£500,000
7 bed property for saleAlexandria Drive, Lytham St. Annes FY8
7 beds
4 baths
4 receptions
Freehold
About this property
Very close to the sea front
**investment opportunity **
Potential to develop - With Necessary Permissions
*** excellent investment opportunity – 4 flats, large commercial shop with
basement, plus further development potential (STPP).......Call Unique Estate Agency today ***
Welcome to Alexandra Drive, a highly attractive mixed-use investment opportunity set in a sought-after location close to the sea front. The property comprises a substantial ground-floor commercial unit, currently trading as a convenience store, which also benefits from a large basement, offering excellent storage or future development potential. Above and alongside the commercial space are four self contained flats: One spacious 2-bedroom apartment and three 1-bedroom apartments, all generating strong rental demand due to the superb location.
The property also includes additional land to the side, presenting significant scope for further expansion. Subject to the relevant planning permissions, this space offers potential for: • A new commercial unit with two flats above, or • Up to three additional residential flats.
A garage with forecourt parking further enhances the property and may also be suitable for redevelopment (STPP). We are advised that the current rental and commercial income is approximately £38,000 per annum, with an anticipated uplift to around £45,000 per annum through rental optimisation. There remains even greater potential to increase returns if the extension and development opportunities are realised
*** Call Unique Estate agency for more information ***
basement, plus further development potential (STPP).......Call Unique Estate Agency today ***
Welcome to Alexandra Drive, a highly attractive mixed-use investment opportunity set in a sought-after location close to the sea front. The property comprises a substantial ground-floor commercial unit, currently trading as a convenience store, which also benefits from a large basement, offering excellent storage or future development potential. Above and alongside the commercial space are four self contained flats: One spacious 2-bedroom apartment and three 1-bedroom apartments, all generating strong rental demand due to the superb location.
The property also includes additional land to the side, presenting significant scope for further expansion. Subject to the relevant planning permissions, this space offers potential for: • A new commercial unit with two flats above, or • Up to three additional residential flats.
A garage with forecourt parking further enhances the property and may also be suitable for redevelopment (STPP). We are advised that the current rental and commercial income is approximately £38,000 per annum, with an anticipated uplift to around £45,000 per annum through rental optimisation. There remains even greater potential to increase returns if the extension and development opportunities are realised
*** Call Unique Estate agency for more information ***
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