Property With Potential logo Property With Potential - return to homepage
7 bed property, in Alexandria Drive, £490,000
>

Sponsored Get a Survey — free quotes via ReallyMoving

7 bed flat

Alexandria Drive, Lytham St. Annes, FY8
Planning
£490,000
-2.0%

Next Steps

Sponsored — free quotes via ReallyMoving

Get a Survey

Check the property matches the approved plans — compare up to 5 quotes

Find a Solicitor

Get quotes

Plan a Move

Get quotes

Price History

Initial price £500,000
Apr 17, 2026 £490,000
Price Change -2.0%

Our Summary

  • **INVESTMENT OPPORTUNITY **
  • *investment opportunity *
  • POTENTIAL TO DEVELOP - With Necessary Permissions
  • * EXCELLENT INVESTMENT OPPORTUNITY – 4 FLATS, LARGE COMMERCIAL SHOP WITHBASEMENT, PLUS FURTHER DEVELOPMENT POTENTIAL (STPP)
  • Call Unique Estate Agency today *Welcome to Alexandra Drive, a highly attractive mixed-use investment opportunity set in a sought-after location close to the sea front
  • The property comprises a substantial ground-floor commercial unit, currently trading as a convenience store, which also benefits from a large basement, offering excellent storage or future development potential
  • The property also includes additional land to the side, presenting significant scope for further expansion
  • Subject to the relevant planning permissions, this space offers potential for: • A new commercial unit with two flats above, or • Up to three additional residential flats
  • A garage with forecourt parking further enhances the property and may also be suitable for redevelopment (STPP)
  • We are advised that the current rental and commercial income is approximately £38,000 per annum, with an anticipated uplift to around £45,000 per annum through rental optimisation
  • There remains even greater potential to increase returns if the extension and development opportunities are realised* Call Unique Estate agency for more information *

Get alerted when similar properties are listed — Subscribe

Description

This mixed-use investment property on Alexandra Drive offers an excellent opportunity to generate significant rental income and potentially increase returns through development and expansion. The property comprises a large commercial shop with basement, currently trading as a convenience store, as well as four self-contained flats, including one 2-bedroom and three 1-bedroom apartments. The property also features additional land to the side, offering potential for further expansion, such as a new commercial unit with flats above or up to three additional residential flats, subject to planning permissions.

The current rental income is approximately £38,000 per annum, with potential to increase to around £45,000 per annum through rental optimisation, and even greater potential for growth if the extension and development opportunities are realised.