Tenanted retail unit with two-bedroom flat above, c. £4,500 pa income
For investors or developers seeking a low-entry street-front asset, this Victorian terraced unit in central Fleetwood combines immediate rental income with clear conversion potential. The ground floor is set up as a hairdressing salon with a two-bedroom flat above, producing an estimated rental income of c. £4,500 per annum. The building totals about 1,048 sq ft and sits on a freehold title offered for sale by online auction with a starting bid of £57,500.
Planning upside is the main attraction: the property has potential to be converted into two self-contained flats (subject to planning permission). Comparable nearby conversions have been carried out, and once refurbished the upper and lower units could achieve a combined rent in the region of £1,100 pcm, improving yield after capital works. Broadband and mobile coverage are good and the property benefits from mains gas central heating and double glazing.
Buyers should note material points plainly: the current tenant’s lease whereabouts are unknown and the unit is sold with the existing tenancy in place, so legal title and vacant possession timing require investigation. The property sits in an area classified as very deprived with a very high local crime rate, which may affect resale and rental prospects. There is limited off-street parking and the building is dated and will need refurbishment to realise conversion value.
This lot is offered under unconditional online auction terms. Prospective purchasers must review the legal pack carefully, allow for buyer’s premium and deposit on exchange, and obtain independent planning and legal advice before bidding.
