Ref: 6619

Investment - FlatsHMOs

62, BURLINGTON ROAD, BLACKPOOL, LANCASHIRE

For Sale £139,950 for the freehold

  • FOUR FLATS, SET OVER TWO FLOORS
  • MID TERRACED PROPERTY
  • PRESENT RENTAL INCOME: £16,640 PA (GROSS)
  • POTENTIAL TO INCREASE THE RENTAL INCOME IN THE FUTURE (SUBJECT TO INCREASE IN RENTS)
  • LONG TERM TENANTS (WE ARE INFORMED)
  • EXCELLENT RATE OF RETURN

Description

This residential flat investment property comprises: - 4 No. Flats within the building. - Terraced residential property. - Presents rental income £16,640 gross, inclusive of council tax and water rates. - There is potential to increase the rental income potential of the building by leasing the ground floor flats to separate tenants. They are at present let to one tenant. - There is a gas supply to the building however, only flat 2 on the ground floor has a gas central heating system. - All other flats operate with electric supply sources. - We are informed that the property is occupied by long standing tenants.
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