Industrial development for sale
Property description & features
- Tenure: Freehold
- Prime investment in the centre of Blackpool
- Rebased rent based on current rental evidence in Blackpool
- ITZA 113 sq m (1,216 sq ft)
- Excellent tenant covenant
- Let to TSB Bank Plc for a ten year term (subject to a tenant's break at the end of the fifth year)
The premises comprise a double fronted terraced retail unit arranged over two and in part three floors. The building is of brick construction. The ground floor is arranged as a banking premises with a secure glazed counter area and associated interview rooms. The upper floors are currently used as welfare, offices and stores.
The ground floor provides an ITZA of 113 sq m (1,216 sq ft and the total building area is approximately 268.3 sq m (2,888 sq ft).
The frontage of the property includes two ATMs and double automatic central doors for customer entry.
The property is situated fronting onto Birley Street, in Blackpool Town Centre, within the town's main retail district. Birley Street meets Albion Street and this provides the main pedestrian link between Blackpool train station and the prime retail pitch of Church Street/ Houndshill shopping centre. Nearby retailers include amongst others Natwest Bank, Barclays Bank, HSBC Bank and Co-op Food.
The area around Blackpool train station, to the north east of the property, is being transformed as part of Blackpool Central Business District Scheme, a £220m redevelopment joint venture which will create 1.1 million sq ft of development including hotels, grade A offices, a supermarket, retail units, café/ restaurants and a new transport interchange. The first phase of this which includes offices, car park and retail space is now complete.
Blackpool is a town in the north of England, approximately 50 miles (80km) north-west of Manchester, 45 miles (72km) north of Liverpool and 18 miles (2km) west of Preston and is one of the north west's leading retail centres.
The town benefits from excellent communication links, with the nearby M55 linking directly with J32 of the M6. There are regular rail services to London (Euston), Liverpool, Manchester, Preston and surrounding towns. Blackpool International Airport lies 2 miles (3.2km) from the town centre.
Blackpool is the second largest tourist destination in the UK after London, attracting 13 million tourists per year and visitor numbers are steadily growing. It is estimated that visitors to Blackpool contribute £1.33bn to the local economy, supporting around 24,000 local jobs.
In the 2011 census the population of Blackpool was 142,065 and is made up of approximately 51% females and 49% males. Blackpool has a similar proportion of Owner-Occupiers compared to national (England) levels, but almost double the proportion of Private Rented accommodation (26.1% vs 16.8%). In the three months to August 2016 the unemployment rate was 5.1%, (against the national level of 4.9%)
Energy Performance Rating
E (125)
Property Available From
07-Sep-2020
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