Blackpool, FY1 4NB | Investment Property for Sale | VES-FY1-003

Opportunity to purchase a 5-unit block in Blackpool generating £20,800 rent pa & gross yield of 9%

£230,000

5-unit Block

VES-FY1-003

INITIAL INVESTMENT

£70,900

Based on

deposit: £57,500

stamp duty: £6,900

mortgage fees: £1,500

conveyancing fees: £5,000

GROSS RENT

£20,800

GROSS YIELD

9.0%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

5

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

1,389

PRICE SQ FT

£166

Block information

  • Fully tenanted block
  • Spread over 3 floors (ground to second floor)
  • Comprising of 5 self-contained apartments
  • Each apartment comes with its own kitchenette and shower room
  • EPC ratings D & E
  • Council tax band A

Rental income

  • Aggregate rental income: £1,733.32 pcm
  • Aggregate rental income: £20,799.84 pa
  • Aggregate gross yield: 9%

Location information

  • The property is located just on the edge of the town centre
  • Blackpool North railway station is half a mile from the property
  • There is a bus stop a few minutes walk from the property
  • Stanley Park is a 20-minute walk away

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Blackpool, Lancashire

Blackpool is a seaside resort on the coast of the county of Lancashire in north-west England. This town is situated around 15 miles north-west of Preston, 27 miles north of Liverpool and 40 miles north-west of Manchester.

Blackpool North is the main station serving this town and is the terminus stop on the Blackpool branch line operated by Northern and Virgin Trains. Northern runs 1 train per hour to each of these destinations from this station; Preston, Liverpool Lime Street and Manchester Piccadilly via Bolton. A further 4 trains per day to London Euston are run by Virgin Trains.

Blackpool Transport and Stagecoach provide bus services around the town and to destinations within the region also. Blackpool fortunately has access to a tram service that run from Starr Gate to Fleetwood, and there are plans to extend this even further to Blackpool North station by April 2019.

Blackpool is still recognised as one of the major centres of tourism in the UK and there are over a hundred fun-filled and action-packed attractions, throughout the centre of town and surrounding areas.

Attractions such as Blackpool Pleasure Beach, Blackpool tower, SEA LIFE, Blackpool Zoo, Madame Tussauds and many more draws in thousands of tourists every year. This property is also a short walk from Houndshill Shopping Centre which is the main source of retail options in town and has a selection of well-known high street brands.

Regent Road,

Blackpool,

Blackpool,

England,

FY1 4NB

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