68-70 Bond Street, Blackpool, Lancashire

Description

Deceptively spacious double fronted retail unit in popular high street location. The property comprises of two ground floor retail units, stock rooms for each unit to the rear, and 2 WC’s. There are several outbuilding to the rear of the property. Additionally to the rear there is a communal entrance shared with the flats above, parking and a separate garage. There is access to the basement from the retail unit, which spans the width of both shops.

Accommodation

Two ground floor retail units, stock rooms for each unit to the rear, 2 WC’s, several outbuildings to the rear, basement spanning the width of both shops, communal entrance shared with the flats above, parking and a separate garage.

Location

Popular high street location.

Tenure / Property Information

Investment Analysis

The £78,500 sale of 68–72 Bond Street in January 2022 overlaps the subject address and is the strongest available evidence. A £28,000 2016 sale at 68–72 provides a lower historical reference but was classified as a flat/maisonette. Other Bond Street evidence ranges from £8,000 to £19,000 and is not sufficiently comparable. Indicative GDV is therefore based primarily on £78,500, subject to lease, condition and legal-pack review.

Investment Snapshot

Strategy Recommendation

Proceed only after commercial valuation, inspection and legal-pack review. Do not rely on residential rent evidence or assume a flip profit.

Works Required

No specific defects or required works are evidenced. Inspect the two retail units, basement, outbuildings, garage, parking and WC facilities before bidding; any refurbishment allowance remains unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £55,000 guide, known buyer premium and minimum administration charge would total £59,500 before works and other disbursements. A theoretical refinance at 75% of the £78,500 base GDV is £58,875, but cash left in cannot be calculated without works, valuation and full acquisition costs.

Buy-to-Let Analysis

BTL yield cannot be established. No commercial passing rent or reliable commercial rental evidence is supplied; the £895 pcm evidence relates to three-bedroom residential properties and is not applicable.

Flip Analysis

The overlapping 2022 sale supports an indicative £78,500 resale benchmark. Flip surplus cannot be calculated because refurbishment costs, selling costs and legal-pack disbursements are unsupported.

Investor Risks & Due Diligence

• No commercial rental evidence or passing rent is supplied.

• Leasehold title requires review of lease terms, covenants and rights.

• Condition and costs for the basement, outbuildings, garage and retail units are unknown.

• Buyer fees, administration charges and possible legal-pack disbursements increase acquisition cost.

• The strongest comparable is a 2022 sale and may not reflect current value.

Recommendation

Proceed only after commercial valuation, inspection and legal-pack review. Do not rely on residential rent evidence or assume a flip profit.

Strategy Rating

Analysis Confidence

There is one useful overlapping-address sale, but no commercial rent, condition survey, full legal-pack costs or confirmed valuation evidence.