- 220 North Promenade & 1-7 Cocker Street, Blackpool, FY1 Investment Property For Sale

This substantial corner 3 storey investment property comprising 6 mixed use commercial businesses is situated on the corner of North Promenade and Cocker Street close to the town centre and North Pier. There are Council Car parks close by.

There may be potential for future development to apartments subject to planning permission.

The property needs to be viewed to be fully appreciated.

No. 218 North Promenade - Lodge Hotel

Unit 1 15-bedroom hotel with private car parking to the rear.

Ground Floor

Entrance hall:

Lounge.

Dining Area/ Bar.

Kitchen.

Storeroom.

Bathroom.

Yard.

First Floor

5 Double Bedrooms - 4 En – suite.

1 Single Bedroom.

Toilet.

Private lounge.

2 Bedrooms.

Shower room.

Stores.

Second Floor

3 Family Bedrooms- All En-Suite.

5 Double Bedrooms- All En suite.

1 Single Bedroom.

Toilet.

Shower room.

Storeroom

Third Floor

Attic unused with 2 Bedrooms.

Showroom.

No.220 North Promenade & 1 & 2 Cocker Square

Unit 2 Promenade Toys, Sweets, Rock, Ice Cream, Off Licence

Gound Floor (Approx 425 sq ft)

Office.

Stores.

Basement Area with toilet.

No. 3 Cocker Square

Unit 3 - (approx.. 120 sq. ft) - Retail Gifts.

Single unit kitchenette.

Toilet.

Mezzanine storage.

No 4 & 5 Cocker Square

Unit 4 - (approx. 500 sq. ft plus) - Preloved collectables

Double unit with stores.

Toilet.

Half basement store and toilet.

No. 6 Cocker Square

Unit 5 - Lodge Guest House.

Ground Floor:

Entrance hall & stairs.

Basement storage rear yard.

First Floor:

Laundry store with boiler.

2 Twin bedrooms – En- Suite.

Guest lounge.

Office.

Dining kitchen.

Second Floor:

4 Bedrooms - En - suite.

No.7 Cocker Square

Unit 6 - Cafe

Ground Floor

Corner cafe with 24 covers.

Kitchen/servery.

Toilet.

Forecourt seating with 10 covers.

Rear yard.

Basement store.

EXTERIOR; Unit 1 has car parking and a yard to the rear. Unit 6 has a yard to the rear and forecourt seating to the front.

AGENTS NOTES: L2 fire alarm system installed. All units have separate utilities and their own individual Combi Boilers.

BUSINESS:

Unit 1: 3 year lease + 3 year option from December 2024. Rent £16,800pa. (same tenant since 2019).

Unit 2: 2 year lease + 3 year option from December 2025. Rent £12,000pa. New tenant, previous tenant retired after 14 years.

Unit 3: 1 year lease + 2 year option from December 2024. Tenant taken option. Rent £3,120pa.

Unit 4: 1 year lease from December 2024 plus option for further 2 years. Tenant taken option. Rent £5,200pa.

Unit 5: 3 years from December 2024 + 3 year option. Tenant taken option. Rent £7,200pa. In occupancy for 6 years.

Unit 6: 3 years from December 2024 + 3 year option. Rent £6,400pa. Tenant in occupancy for 21 years.

Current rental income £50,720 per annum (£24,000 hospitality and £26,720 retail giving 12.08% return).

Future potential (subject to planning permission) for development per floor of 6 x 1 bed units or 4 x 2 bed units x 5 floors or conversion of hospitality to 9 holiday or permanent flat + retail (subject to planning permission).

TENURE: Freehold.

VIEWING: By appointment through Kenricks 01253 420420.