Alexandria Drive, Lytham St. Annes, FY8

This property presents a compelling investment opportunity in a desirable location near the seafront. It features a sizable ground-floor commercial unit, currently operating as a convenience store, paired with a substantial basement that offers excellent storage solutions and potential for future development. Above the retail space, you will find four self-contained flats: one spacious two-bedroom apartment and three one-bedroom units, all in high demand among renters due to their attractive setting. Additionally, there is land alongside the building that provides significant possibilities for expansion (subject to planning permission). This area could accommodate either a new commercial unit with residential flats above or up to three additional residential apartments. The inclusion of a garage and forecourt parking further enhances this property's appeal and may also be eligible for redevelopment opportunities (STPP). Currently, the property generates approximately £38,000 per year in rental income with potential growth to around £45,000 through strategic rental enhancements. With the right renovations and developments, this property holds considerable promise for increased returns on investment.