235 Promenade, Blackpool, Lancashire, FY1 6AH

Property description

Location: This residential flat investment property occupies a Promenade location. It is situated with neighbouring hotels, commercial property and resort accommodation. The Promenade provides ease of commuting to a wealth of local shops, amenities and tourist attractions to include the Golden Mile, Sandcastle Complex, Pleasure Beach and Blackpool Tower. Ease of commuting is available into the town centre with its array of shopping facilities and soon to be completed Debenhams development. This development is situated to the rear of the Houndshill Shopping Centre. The property is situated close to Lytham Road and Rigby Road which provides access to various dense residential locations and public car parks. Description: This residential flat investment property comprises of 16 flats within a terraced property. The property benefits from a Certificate of Lawful development (existing) for use as 14 self contained permanent flats and two non self contained permanent flats. The accommodation is set over five storeys. Internal viewings are highly recommended to appreciate the current qualities and future potential of this investment opportunity. The investment property can be described as offering a very attractive gross initial yield, for further information please do not hesitate to contact our office. We confirm the opportunity to create an additional self contained flat, creating 15 self contained flats in total. Potential Rental Income: 13 x self contained flats (£95 pwk) = 1,235 per week 2 x non self contained flats (£85 pwk) = £170 per week 1 x owners flat £120 pwk = £120 per week Total weekly rental income £1,525 (£79,300 per annum) The property is currently partly let - with AST agreements available to be viewed on request. The remainder of the flats are soon to be occupied by tenants on Assured Shorthold Tenancy agreements. Disclaimer: The sales particulars have been produced with information provided by the owner/occupier or landlord and are made in good faith without any responsibility whatsoever on the part of Duxburys Commercial. It is for the purchaser or as the case may be the lessee to satisfy themselves by inspection or otherwise, as to the accuracy or fullness of the information. They must not in entering into any contract or incurring costs or otherwise rely upon these particulars as statements or representations of facts.