Alexandria Drive, Lytham St. Annes, FY8

Property Details: - Type: Block of apartments - Bedrooms: 7 - Bathrooms: 4

Agent: Unique Estate Agency - Lytham St Annes Phone: 01253 545765

* EXCELLENT INVESTMENT OPPORTUNITY – 4 FLATS, LARGE COMMERCIAL SHOP WITH<br/>BASEMENT, PLUS FURTHER DEVELOPMENT POTENTIAL (STPP).......Call Unique Estate Agency today *<br/><br/>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.<br/><br/>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.<br/><br/>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<br/><br/>* Call Unique Estate agency for more information *<br/><br/><p></p>