9-10 South Promenade, Thornton Cleveleys, Lancashire, FY5 1BZ

Property description

Location: This investment property occupies a convenient and sought after location within walking distance of Victoria Road West with its national retailers and well established local businesses. The property is situated adjacent to the Promenade with residential and commercial property within the close proximity. Ease of commuting is available into Blackpool and other surrounding villages to include Bispham, Thornton Cleveleys and Fleetwood. The individual flats generally provide a convenient living location with amenities and facilities close by. Description: The property consists of 14 self contained flats set over four storeys. We are informed that 11 of the 14 flats have permission for permanent use by way of a Certificate of Lawfulness. The property currently generates a turnover of £66,000 per annum including the combined incomes from the permanent and holiday flats. The landlord is currently responsible for the business rates, gas and water bills for the property. There is the opportunity to alter these responsibilities by the incoming purchaser. We are advised that the flats are let on Assured Shorthold Tenancy agreements. The property benefits from gas central heating.