House · FY5 3LG
For saleReduced £5k (−2.6%) on 28 SepListed 105 days
Opportunity summary
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About
** WELL POSITIONED 3 STOREY FREEHOLD PREMISES SITUATED IN THE HEART OF CLEVELEYS TOWN CENTRE ** Positioned in the Prime Location of Victoria Road West, this 3 Storey Commercial Terrace Property is situated on a High Street that is Bustling All Year Round from both Local Customers and Visitors from all over Lancashire.
Its Highly Visible and Sought-after Location is also situated directly infront of a Busy Bus Stop providing Constant Exposure and Naturally more Footfall than other Premises in the Area!
The Size, Positioning and Potential of this Substantial Property already provides an Excellent Platform for Commercial Success!
With Similar Premises in the Area being used for Retail/Office or even Converted into Holiday Lets because of its Popular Tourist Appeal!
The Ground Floor Premises briefly comprises of a Well Presented, Airy Shop Front with Display Units and Reception Desk, Two Additional Shop Areas, Fitted Kitchen/Staff Room and 2 Piece WC.
122A Victoria Road West is Accessed via a Separate Entrance Vestibule opening to Hallway with Stairway leading to the First Floor which offers 3 Office Rooms, Fitted Kitchen, 2 WC Cubicles and Stairway leading to the Second Floor which has Two Generously Sized Storage Rooms!
The property not only benefits from its Size and Prime Location, but also from a Mitsubishi Air Conditioning Unit Fitted on the Ground Floor Unit, a Gas Central Heating system with uPVC Double Glazing on the First Floor, and Enclosed Court Yard to Rear!
122 Victoria Road West Shop Front 5.97m (19'7") x 3.36m (11') Double frontage window to front, window to side, entrance door, fitted shelving display, laminate flooring, glass screen separating shop area Shop 4.64m (15'3") x 3.76m (12'4") Glass screen dividing two rooms, built-in storage cupboard, Mitsubishi air conditioning unit Shop 5.32m (17'5") x 2.74m (9') Two uPVC double glazed windows to side, cupboard housing fuse box, laminate flooring, Mitsubishi air conditioning unit Kitchen / Staff Room 4.20m (13'9") x 3.68m (12'1") Fitted with a matching range of base and eye level units with round edged worktops, stainless steel sink unit with single drainer, mixer tap and instant hot water dispenser over, laminate flooring WC 1.22m (4') x 0.82m (2'8") Fitted with two piece suite comprising pedestal wash hand basin with instant hot water dispenser over and WC.
122A Victoria Road West Entrance Vestibule Double glazed opaque composite entrance door, uPVC opaque double glazed window to front, uPVC opaque double glazed window to side, recessed spotlights Hallway Stairs leading to first floor hallway First Floor Hallway Cupboard with fuse box and electricity meter, double radiator, stairs leading to second floor landing Office Front 4.76m (15'8") x 3.40m (11'2") UPVC double glazed bow window to front, uPVC double glazed window to front, fitted round edged worktops, built-in storage cupboard, two double radiators, panelled walls, cornice style ceiling Office 4.43m (14'6") x 2.95m (9'8") UPVC opaque double-glazed window to rear, double radiator Office / Storage 2.72m (8'11") x 2.22m (7'3") Cornice style ceiling, fitted round edged worktops Kitchen 2.77m (9'1") x 2.05m (6'9") plus 0.17m (0'7") x 0.17m (0'7") Fitted with a range of base units with round edged worktops, stainless steel sink unit with single drainer, uPVC double glazed window to rear, wall mounted combination boiler, fire exit opening to enclosed rear courtyard WC 3.17m (10'5") x 1.72m (5'8") plus 0.17m (0'7") x 0.17m (0'7") Fitted with two WC units housed in individual cubicles, fitted vanity wash hand basin with base cupboard and mixer tap, uPVC opaque double glazed window to side, radiator, panelled walls Second Floor Landing Store Room 4.73m (15'6") x 3.41m (11'2") Store Room 4.46m (14'8") x 2.95m (9'8") Outside Enclosed courtyard to rear
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Victoria Road West, Thornton-Cleveleys, Lancashire, FY5
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