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62, BURLINGTON ROAD , BLACKPOOL, LANCASHIRE, FY4

Investment - FlatsHMOs

For Sale: £139,950 for the freehold

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Key Features

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

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Property 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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What are we like to work with?

"I have used Duxbury’s Commercial now for over 10 years and they always provide an excellent service whether it be property lettings, sales or valuations. Clare in particular goes out of her way to help and always keeps me updated throughout. An excellent commercial agency and would highly recommend"