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Ribble House
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Ribble House

Ballam Road, Lytham St Annes, Lancashire, FY8 4TT

  • Office investment let to Blackpool Borough Council for a further 25 years term certain with annual RPI linked uplifts (0% collar and 5% cap).
  • The tenant has the right to acquire the freehold on lease expiry for £1.
  • Well located in Lytham St Annes town centre.
  • Comprehensive refurbishment undertaken in 2009.
  • Fully underlet to ATOS IT Services (UK) Limited
  • 105,571 sq ft plus 556 car spaces on 8.35 acre site.
  • £852,500 pa passing rent anticipated in March 2024, reflecting only £8.07 psf.
  • Substantial underlying site value for alternate uses.
  • Seeking offers in excess of £14,500,000 subject to contract and exclusive of VAT.
  • A purchase at this level reflects an attractive net initial yield of 5.5%.

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Profile photograph of Chris Bathurst

Chris Bathurst

Partner

+44 (0)7957 138 003

cb@christopherdee.co.uk
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