37 , RAIKES PARADE, BLACKPOOL, LANCASHIRE, FY1
Investment - FlatsHMOs Investment
For Sale: £259,950 for the freehold
Key Features
RESIDENTIAL FLATS INVESTMENT PROPERTY
SEMI DETACHED VICTORIAN ERA BUILDING
MAIN BUILDING COMPRISING 4 NO. FLATS SET OVER THREE FLOORS
ADDITIONAL GROUND FLOOR RESIDENTIAL ACCOMMODATION "THE LODGE" TO THE REAR
FULLY TENANTED (AT PRESENT)
LOCATED WITHIN THE TOWN CENTRE
WITHIN WALKING DISTANCE OF LOCAL SHOPS AND AMENITIES
POTENTIAL GARAGE RENTAL INCOME
COMBINED RENTAL INCOME (FROM MAY 2023): £29,600 PA EXC - PLUS
EXCELLENT RESIDENTIAL INVESTMENT OPPORTUNITY, INTERNAL VIEWING HIGHLY RECOMMENDED
How to find out more…
If you have any questions about the property or would like to book a viewing, please get in touch with us via our contact page or the enquiry and viewing buttons above.
Property description
This residential flat investment property comprises:
- 4 no. residential flats, set over three floors.
- Additional residential accommodation known as "The Lodge" to the rear of the main property.
- 5 no. residential units in total.
- Semi detached, circa. Victorian era, building.
- At the time of producing these marketing details, the property is fully tenanted.
- All tenants on AST agreements, copies of which can be provided once an offer has been accepted.
- Driveway providing off road car parking.
- Each residential tenant is responsible for their own utility bills and council tax payments.
- There are exciting times ahead for Blackpool with a new university campus and new circa. £300m leisure development planned. This will provide further student and worker tenant options for the building.
- Combined rental income, from May 2023, circa. £29,600 (plus) pa exc.
- There is a single garage that is used by the landlord at present. This could be let out to one of the existing residential tenants or to an external party, to further increase the combined rental income potential.
