46, FOXHALL ROAD, BLACKPOOL, LANCASHIRE
For Sale £110,000 for the freehold
- GROUND FLOOR COMMERCIAL UNIT(S): 1,220 SQ FT
- 5 X RESIDENTIAL FLATS TO THE UPPER FLOORS
- COMBINED RENTAL INCOME POTENTIAL £28,400 PA - £31,400 PA EXC.
- IDEALLY LOCATED IN CENTRAL BLACKPOOL
- WITHIN WALKING DISTANCE OF THE PLANNED INDOOR ENTERTAINMENT PARK DEVELOPMENT SITE (STPP) - BLACKPOOL CENTRAL
- COMPRISES A LARGE GROUND FLOOR COMMERCIAL PREMISES THAT CAN BE LET AS A WHOLE OR SPLIT INTO SMALLER UNITS
- THE PROPERTY IS IN NEED OF SOME REFURBISHMENT AND OFFERS EXCELLENT POTENTIAL TO ADD VALUE
- BIDDING OPENS: 27/04/23 - VIA AUCTION HOUSE NORTH WEST www.auctionhouse.co.uk
Description
This investment / re-development property boasts: - A ground floor commercial premises with a rental income potential of circa £5,000 - £8,000 pa. - The ground floor commercial space could be let as a whole or split into smaller units. - Ideal for storage and small business use, for the high volume of hotels and retail businesses in the area etc. - Above and set over the first and second floors are 5 x residential flats. - Rental income potential for all flats combined circa £23,400 pa exc. - Average rental income per flat is £90 per week. - Combined rental income potential c. £28,400 - £31,400 pa exc. - The residential accommodation could be re-designed or re-configured to suit differing requirements. - There is potential to create larger residential units that could be used for Serviced Accommodation or Holiday Lets (subject to planning permission). - This is an excellent investment opportunity. - Some refurbishment and work required internally. Internal viewings are available by prior appointment.
