Summary - Clifton Drive South, Lytham St. Annes, Lancashire, FY8 FY8 1LH
11 bed 1 bath Mixed Use
Developer-ready town-centre investment with parking and sea-view unit.
- Mixed-use freehold: 2 retail units and 7 self-contained flats
- Four flats currently let; three flats under renovation
- One commercial unit let at £7,200 per annum
- Potential total flat income circa £63,840pa when fully let
- Passenger lift fitted but currently not in operation
- Large plot with rear garden/yard and parking for 10 cars
- Requires renovation throughout; investment/developer project
- Area records higher crime and local deprivation levels
A substantial three-storey mixed-use freehold in St Annes on Sea, offered as a developer or investor project. The property comprises two ground-floor retail units (one currently let), seven self-contained flats across separate entrances, and car parking for around ten vehicles. Four flats are producing income now, three are undergoing renovation, and one commercial unit is let at £7,200pa.
The building has strong value drivers: prominent town-centre frontage, large plot with rear garden/yard, off-street parking, fast broadband and excellent mobile signal, plus a split-level flat with a private balcony and sea view. Current rental income from the four occupied flats totals £33,360pa; with full occupation and modest uplifts the portfolio is described as capable of generating circa £63,840pa from flats plus commercial rents.
Important practical issues are clear and factual. The passenger lift is not currently in operation. The building needs renovation in several units and some common areas; three flats are mid-renovation, and at least one flat “needs some renovation.” The area records higher crime levels and relative deprivation, which will affect rental demand and management costs. Viewing is recommended for buyers prepared to undertake refurbishment and asset management to unlock value.
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