FOXHALL ROAD/ DALE STREET, BLACKPOOL, LANCASHIRE
For Sale £365,000 for the freehold
- RENTAL INCOME POTENTIAL: £63,000 PA PLUS
- MIXED USE INVESTMENT PROPERTY
- IDEALLY LOCATED IN CENTRAL BLACKPOOL
- WITHIN WALKING DISTANCE OF THE PLANNED INDOOR ENTERTAINMENT PARK DEVELOPMENT SITE (STPP) - BLACKPOOL CENTRAL
- COMPRISES A LARGE GROUND FLOOR COMMERCIAL PREMISES THAT CAN BE LET AS A WHOLE OR SPLIT INTO SMALLER UNITS
- 12 FLATS TO THE UPPER FLOORS
- 5 NO. FLATS ARE IN NEED OF REFURBISHMENT AND ARE PRESENTLY VACANT
Description
This investment / re-development property boasts: - Potential to generate a combined rental income of £63,000 per annum (plus), from the commercial space and all flats. - A ground floor, large commercial premises with a rental income potential of £10,000 pa. - The commercial space could be let as a whole or split into smaller units. - Above and set over the first and second floors are up to 12 no. flats. - Rental income potential for all flats: £53,000 pa. - Average rental income per flat is £85 per week. - 5 no. flats are in need of re-furbished prior to re letting. - The residential accommodation could be re-designed or re-configured to suit differing requirements. - There is potential to create larger residential units that could be used for Serviced Accommodation or Holiday Lets (subject to planning permission). - This is an excellent investment opportunity. Internal viewings are available by prior appointment.
