Summary - 58, ABINGDON STREET FY1 1DA
1 bed 1 bath Commercial Property
Freehold retail with short-term charity tenancy near new tram link and hotel..
Corner two-storey retail unit — approx 150sqm (1,614 sq ft)
A two-storey corner commercial freehold in the heart of Blackpool town centre, offered with an existing short-term lease to a national charity. The property provides approximately 150sqm (1,614 sq ft) across ground and first floors with large shopfront windows and standard ceiling heights — ready for continued retail use or reletting when the lease ends.
The asset is let to The Peoples Dispensary for Sick Animals (PDSA) on a three-year lease from 24 June 2023 at a passing rent of £13,250pa. The lease requires the tenant to keep the property in substantial repair and the tenant pays insurance rent; there is an annual break clause with six months' written notice. Freehold sale is subject to that commercial lease.
Location is a core strength: a prominent corner on Abingdon Street and Talbot Road in Blackpool town centre, close to planned investment (new tram link to North Railway Station and a 100-bed Holiday Inn). Footfall generators nearby include national retailers, leisure and hospitality uses, and transport links — supporting retail demand and future re-letting prospects.
Buyers should weigh clear upside against material short-term and local risks. The passing rent is modest relative to town-centre exposure and offers potential for rental growth when re-let, but the property sits in a very deprived area with very high crime statistics and a local demographic of constrained renters and migrant families. The current short lease and annual break clause limit immediate income security; refurbishment or active asset management may be required to secure stronger long-term returns.
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