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%.

Ribble House