Investment Property

  • Freehold Price: £385,000
Blackpool, Lancashire, England
Seller Ref:inv844l
Sale Agreed

Investment Property

Blackpool, Lancashire, England
Seller Ref:inv844l
  • Freehold Price: £385,000

Description

* Investment Property Comprising 7 Self-Contained
Permanent Flats, 5 Holiday Flats & 3 Bedroom
Owners Apartment
* South Shore, Blackpool
* Close to Promenade & Amenities
* In Lovely Order Throughout
* Substantial 4 Storey Corner Property
* Car Parking for 9 Motor Vehicles
* Income In Excess of £53,000 per annum
* Garage
* Viewing Recommended

DESCRIPTION: Kenricks are pleased to offer this substantial 4 storey Investment Property for sale.

The property is situated in a prominent corner position in Woodfield Road in South Shore, Blackpool being close to the Promenade, Entertainments & Amenities.

The property comprises of 7 self contained permanent flats, 5 holiday flats and a 3 bedroom owners apartment as well as a large car park to the side of the property with a garage.

Viewing Recommended.

Ground Floor
Foyer leading to:
Impressive Feature Hallway.
Reception and Office.
Utility Room.

Flat 1
Studio Holiday Apartment.
Lounge/Kitchen/Diner with family bunk-beds.
Shower and Toilet.

Flat 2
Studio Holiday Apartment.
Lounge/Kitchen/Diner with twin beds.
Shower and Toilet.

Private Accommodation
Lounge/Dining Room.
Fitted Kitchen.
Bedroom.
Bathroom comprising three piece suite with shower over bath.
Internal Staircase leading to:

Lower Ground Floor – Residents Bar – The Stumble Inn
Bar Lounge with fitted bar, flat screen TV and pool table.
Toilet.

First Floor – Private Accommodation continued..
2 Bedrooms.

Flat 4
Holiday Apartment.
Lounge/Kitchen/Diner.
Family Bedroom.
Shower and Toilet.

Flat 5
Studio Holiday Apartment.
Lounge/Kitchen/Diner/Bedroom.
Shower and Toilet.

Flat 6
Holiday Apartment.
Lounge/Kitchen/Diner/Bedroom.
Family Bedroom.
Shower and Toilet.

Second Floor

Flat 8
Permanent Flat.
Lounge/Kitchen/Diner.
Bedroom.
Shower and Toilet.
Currently Let at £100 per week.

Flat 9
Studio Permanent Flat.
Lounge/Kitchen/Diner/Bedroom.
Shower and Toilet.
Currently Let at £90 per week.

Flat 10
Permanent Flat.
Lounge/Kitchen/Diner.
Bedroom.
Shower and Toilet.
Currently Let at £100 per week.

Flat 11
Permanent Flat.
Lounge.
Kitchen/Diner.
Bedroom.
Shower and Toilet.
Currently Let at £110 per week.

Third Floor

Flat 12
Studio Permanent Flat.
Lounge/Kitchen/Diner/Bedroom.
Shower and Toilet.
Currently Let at £85 per week.

Flat 13
Studio Permanent Flat.
Lounge/Kitchen/Diner/Bedroom.
Shower and Toilet.
Currently Let at £80 per week.

Flat 14
Studio Permanent Flat.
Lounge/Kitchen/Diner/Bedroom.
Shower and Toilet.
Currently Let at £80 per week.

EXTERIOR; Paved garden area to the front of the property with seating for guests. Car park to the side of the property providing parking for approx. 9 motor vehicles. Car park to the rear of the property providing parking for 1 motor vehicle. Garage.

AGENTS NOTES: All holiday flats have card operated electric meters. All permanent flats have coin operated electric meters. The property is centrally heated and has double glazing.

BUSINESS: We are informed the permanent flats draw when fully let £33,556 per annum. The holiday flats draw approx. £16,000 per annum. An additional income from the car parking draws £3,656 per annum. Total Income: £53,212 per annum.

VIEWING: By appointment through Kenricks 01253 420420.

Location Details:
South Shore
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Is stock included:
NA

Listed By:

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