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90 Whitegate Dr 1,345 SF Office Building Blackpool FY3 9DD $148,896 ($110.70/SF) 13.64% Cap Rate
Investment Highlights
- 10-year FRI office lease commencing in 2025
- EPC rating D
- Opposite Tesco Express and Subway, close to the Breck Road junction
- Freehold investment subject to existing tenancies
- Six separately owned residential flats on the upper floors
Executive Summary
Substantial income-producing corner property offered via online auction, with a starting bid of £110,000. The ground-floor accommodation is let to Adcas Financial Management Ltd on a 10-year full repairing and insuring lease from 2025 at a passing rent of £15,000 per annum. The sale includes the freehold subject to long-leasehold interests affecting six separately owned residential flats, four rear parking spaces, and the rooftop telecommunications site. Auction fees apply, and purchasers should verify the lease documentation, management-company arrangements, occupational costs, and auction terms before bidding.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Tenure
Freehold
Property Subtype
Office/Residential
Building Size
1,345 SF
Building Class
B
Year Built
1962
Price
$148,896
Price Per SF
$110.70
Cap Rate
13.64%
NOI
$20,309
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
1,345 SF
Building FAR
0.54
Lot Size
0.06 AC
Parking
10 Spaces (7.43 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Storage Space
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90 Whitegate Dr
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