Investment - FlatsHMOs

37, RAIKES PARADE, BLACKPOOL, LANCASHIRE

For Sale £259,950 for the freehold

  • RESIDENTIAL FLATS INVESTMENT PROPERTY
  • SEMI DETACHED VICTORIAN ERA BUILDING
  • MAIN BUILDING COMPRISING 4 NO. FLATS SET OVER THREE FLOORS
  • ADDITIONAL GROUND FLOOR RESIDENTIAL ACCOMMODATION "THE LODGE" TO THE REAR
  • FULLY TENANTED (AT PRESENT)
  • LOCATED WITHIN THE TOWN CENTRE
  • WITHIN WALKING DISTANCE OF LOCAL SHOPS AND AMENITIES POTENTIAL GARAGE RENTAL INCOME
  • COMBINED RENTAL INCOME (FROM MAY 2023): £29,600 PA EXC - PLUS
  • EXCELLENT RESIDENTIAL INVESTMENT OPPORTUNITY, INTERNAL VIEWING HIGHLY RECOMMENDED

Description

This residential flat investment property comprises: - 4 no. residential flats, set over three floors. - Additional residential accommodation known as "The Lodge" to the rear of the main property. - 5 no. residential units in total. - Semi detached, circa. Victorian era, building. - At the time of producing these marketing details, the property is fully tenanted. - All tenants on AST agreements, copies of which can be provided once an offer has been accepted. - Driveway providing off road car parking. - Each residential tenant is responsible for their own utility bills and council tax payments. - There are exciting times ahead for Blackpool with a new university campus and new circa. £300m leisure development planned. This will provide further student and worker tenant options for the building. - Combined rental income, from May 2023, circa. £29,600 (plus) pa exc. - There is a single garage that is used by the landlord at present. This could be let out to one of the existing residential tenants or to an external party, to further increase the combined rental income potential.
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