Summary - Brooklyn, Kents Bank Road, GRANGE-OVER-SANDS LA11 7EY
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime location on Kents Bank Road in Grange-over-Sands, a desirable seaside town.
- Freehold retail investment with a self-contained pharmacy and detached garage.
- Renting for £15,500 per annum on a 10-year lease with 7 years, 4 months remaining.
- Gross yield of 7.05% at a competitive price of £220,000.
- Excellent foot traffic and visibility in a bustling mixed-use area.
**Summary:**
This charming retail property is strategically positioned in the vibrant town center of Grange-over-Sands, known for its attractive seaside ambiance and local amenities. Comprising a well-established pharmacy with a large storefront and a detached garage, the property spans 1,129 sq ft and offers solid rental returns. Currently let to GOS Healthcare on a full repairing lease, it ensures an income of £15,500 annually, with an authorized guarantee agreement providing added security.
Prospective buyers will appreciate its prime location, easily accessible by public transport and surrounded by a mix of shops, cafes, and leisure options. However, with 7 years remaining on the lease and the potential difficulty in securing mortgages due to the lease length, investors should consider these factors carefully. The average condition with modernized fittings enhances its immediate usability while also allowing room for future upgrades. Don't miss out on this rare investment opportunity in a desirable and affluent area—properties like this are seldom available for long.
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