61/63 Reads Avenue, Town Centre, Blackpool, Lancashire, FY1 4DG

Property description

This residential flat investment property comprises of 18 flats varying in shape and size. The property consists of 15 self contained flats with four flats being non self contained sharing toilet and shower facilities. We are informed by the vendor that there are plans in place to create an additional self contained flat. We are informed that there is the opportunity to increase the rental incomes of the individual flats and internal viewings are recommended to appreciate the potential on offer. The site offers an abundance of off road parking options to include 5/6 off road parking positions to the front. To the rear of the property is a large parking bay suitable for several vehicles. We understand the property benefits from a HMO Certificate and a Certificate of Lawful Use, copies of which can be viewed on request. The property has accommodation set over three storeys plus cellar storage accommodation to each side. Location: This residential flat investment property occupies a convenient position within Central Blackpool. Reads Avenue connects onto Park Road which provides ease of commuting throughout the town and onto Preston New Road which commences access onto the M55 motorway. Reads Avenue also connects onto Central Drive providing access to a range of local tourist attractions, shops, amenities and the Promenade. Reads Avenue is within close proximity to the soon to be completed Debenhams/Houndshill development. This investment property provides a combined weekly income of £1,245 per week. Gross rental income per annum £64,740. Agents Notes: Number 63 Reads Avenue - Tenants responsible for Council Tax Number 61 Reads Avenue - Landlord responsible for Business Rates. Strictly no direct approach is to be made to the property and all viewings are to be made by prior appointment through our office. The landlord reserves the right to confirm capability of any prospective viewers prior to inspecting the property.