Summary - 172a Victoria Road West, THORNTON-CLEVELEYS FY5 3NE
2 bed 1 bath Mixed Use
Immediate rental income with renegotiation potential on the commercial lease.
Prominent town-centre corner position with strong footfall
A substantial end-terraced mixed-use building on a prominent Cleveleys main road, offering immediate rental income and straightforward hands-off ownership. The ground-floor hot food takeaway produces the majority of income and benefits from strong local footfall beside national and independent traders. The separate two-bedroom flat above is let on an assured shorthold tenancy and adds diversification to the income stream.
Income and lease positions drive value: the hot food unit is on a 20-year lease starting 19 November 2005 (rent passing £12,000 pa) so that lease expires in November 2025, creating an opportunity to renegotiate terms or re-let. The flat pays £476.66 pcm (£5,720 pa) on an AST and could be reviewed on renewal to reflect market levels. Total gross income is £17,720 pa; freehold sale will be subject to the existing tenancies.
Practical positives include all mains services, double glazing and central heating to the flat, and a corner unit layout with a 63 sqm ground-floor preparation area. Drawbacks to note are the town-centre location and small overall footprint with no private garden, likely requiring periodic maintenance and occasional refurbishment to retain tenants. Noise and busy road conditions are typical of this retail parade and may affect residential appeal.
This property suits an investor seeking immediate rental return and short-term asset management opportunities (lease negotiation November 2025). It also offers modest refurbishment potential to improve yields but is not ideal for buyers seeking significant outdoor space or a quiet residential setting.
3 bedroom mixed use property for sale in 22 Victoria Road West, Cleveleys, FY5 1BS, FY5 — £325,000 • 3 bed • 1 bath • 609 ft²
Mixed use property for sale in 122 Victoria Road West, Cleveleys, FY5 3LG, FY5 — £159,950 • 1 bed • 1 bath
Mixed use property for sale in 2 Ground Floor Shops , First & Second Floor Offices, 117-119A Victoria Road West, Thornton Cleveleys, Lancashire, FY5 — £595,000 • 1 bed • 1 bath
High street retail property for sale in Rossall Road, Cleveleys, Lancashire, FY5 — £550,000 • 1 bed • 1 bath • 6020 ft²
Mixed use property for sale in 161, Blackpool Old Road, Poulton-le-fylde, Lancashire, FY6 — £189,950 • 1 bed • 1 bath
