Blackpool, FY1 5DF | Investment Property for Sale | VES-FY1-001

Opportunity to purchase a freehold block of 5 tenanted flats in Blackpool

£325,000

5 Unit Block

VES-FY1-001

INITIAL INVESTMENT

£151,200

GROSS RENT / YIELD

£32,040 / 9.9%

NET RENT / YIELD

£23,428 / 7.2%

The block

TENURE

Freehold

NO OF UNITS

5

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

4,816

PRICE SQ FT

£67

Summary

  • Total no. of units: 5 flats
  • 4 x 2-bed; 1 x 1-bed
  • Tenancy types: AST
  • Tenancy start date: Varies
  • Tenancy term: Periodic
  • Deposit amount: TBC

Available on request

  • Unit Details
  • EPC for all units
  • Documents

Vesta have not visited the property and the materials have been provided by the vendor.

Floorplans

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

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£32,040

Equivalent of £2,670 per calendar month (PCM).

GROSS RENTAL YIELD

9.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£23,428

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

7.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£8,612

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

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.

Tyldesley Road,

Blackpool,

Blackpool,

England,

FY1 5DF

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