Summary - BRECK HOUSE, 90, WHITEGATE DRIVE FY3 9DA
1 bed 1 bath Commercial Property
Prominent roadside investment with immediate income and short-term rent uplift potential..
- Prominent corner position on busy Whitegate Drive
- Ground-floor office ~100 sqm (1,076 sqft) with forecourt parking
- Passing rent £13,000pa; potential uplift to £15,000 in 2025
- Freehold subject to 999-year lease on six flats and four spaces
- 99-year rooftop telecoms lease (two masts) excluding current income
- Off-street parking for approx 10 cars plus 4 rear spaces
- All mains connected; basement sump pump present
- High local crime and deprived area classification
A substantial corner commercial freehold on Whitegate Drive, offering around 100 sqm (1,076 sqft) of ground-floor office space with forecourt and side parking for approximately ten vehicles. The ground floor is let on a Full Repairing & Insuring five-year lease to Adcas Financial Management Ltd at a passing rent of £13,000pa, with potential uplift to £15,000 in 2025. All mains services are connected; the building includes a basement sump pump and standard ceiling heights typical of a 1980s build.
The freehold is subject to complex long leases: a 999-year headlease affecting six separately owned flats and four parking spaces, plus a 99-year rooftop telecoms lease for two masts (from 2025). Neither the flat leases nor the mast leases currently produce rental income to the seller. The headlease and separately owned flats mean the purchaser should review management obligations and any service or repair liabilities carefully.
This property will suit an investor or owner-occupier seeking a prominent roadside asset with immediate rental income and short-term uplift potential. Material considerations include the high-crime and deprived local area classification, which may affect tenant mix and rental growth, and the existing lease encumbrances on the freehold. The building presents light refurbishment potential to improve yield or reconfigure space, but it is essentially a dated 1980s commercial structure that may require ongoing maintenance.
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