Standout Features
- Investment opportunity
- Over 17% potential rental yield once renovated
- Block of 6 Apartments
- Chain free
- Basement
- Parking for multiple vehicles
- Central Blackpool location
- Achievable Annual ERI of £30,600 per annum
Property Description
Situated within the popular Central area of Blackpool (FY1), this substantial freehold property presents an exceptional investment opportunity. Arranged over three floors plus a basement and currently informally configured as six self-contained apartments (subject to the necessary planning consents and selective licensing requirements), the accommodation comprises two studio apartments, two one-bedroom apartments, and two two-bedroom apartments.
Once fully renovated, the block is estimated to achieve a combined rental income of approximately £2,550 PCM (£30,600 per annum), representing an impressive gross yield of around 17% based on the asking price.
The apartments have already undergone partial renovation works, providing investors with a valuable head start and reducing the time and capital required to bring the building to a lettable standard. With significant scope to add value and create a strong income-producing asset, the property offers excellent potential for both experienced landlords and developers alike.
Ground Floor Rear Flat:
29 Square metres
EPC - C
Estimated rental income:£400 pcm
GF One-bedroom apartment, comprising a kitchen/diner, reception room, double bedroom and bathroom with bath.
FLAT 1:
38 Square Metres
EPC - D
Estimated rental income:£400 pcm
GF One-bedroom apartment, comprising a kitchen and reception room, double bedroom and bathroom with shower.
Flat 2:
41 Square Metres
EPC - C
Estimated rental income:£550 pcm
First floor two-bedroom apartment, comprising a kitchen and reception room, two double bedrooms and bathroom with bath.
Flat 3:
28 Square Metres
EPC - C
Estimated rental income:£350 pcm
First floor studio apartment, comprising an open plan kitchen, reception room and bedroom space with a bathroom with shower.
Flat 4:
14 Square metres
EPC - C
Estimated rental income:£300 pcm
Second floor studio apartment, comprising an open plan kitchen, reception and bedroom space with a bathroom with shower.
Flat 5:
37 Square Metres
EPC - D
Estimated rental income:£550 pcm
Second floor two-bedroom apartment, comprising a kitchen with reception space, two double bedrooms, shower room and separate WC
Location:
- Based in FY1, Blackpool Centre close to all local amenities
- Less than 10 minutes walk from Blackpool Promenade
- Less than 8 minutes walk from Houndshill Shopping Centre
- Just 4 minutes drive from Stanley Park
Once fully renovated, the block is estimated to achieve a combined rental income of approximately £2,550 PCM (£30,600 per annum), representing an impressive gross yield of around 17% based on the asking price.
The apartments have already undergone partial renovation works, providing investors with a valuable head start and reducing the time and capital required to bring the building to a lettable standard. With significant scope to add value and create a strong income-producing asset, the property offers excellent potential for both experienced landlords and developers alike.
Ground Floor Rear Flat:
29 Square metres
EPC - C
Estimated rental income:£400 pcm
GF One-bedroom apartment, comprising a kitchen/diner, reception room, double bedroom and bathroom with bath.
FLAT 1:
38 Square Metres
EPC - D
Estimated rental income:£400 pcm
GF One-bedroom apartment, comprising a kitchen and reception room, double bedroom and bathroom with shower.
Flat 2:
41 Square Metres
EPC - C
Estimated rental income:£550 pcm
First floor two-bedroom apartment, comprising a kitchen and reception room, two double bedrooms and bathroom with bath.
Flat 3:
28 Square Metres
EPC - C
Estimated rental income:£350 pcm
First floor studio apartment, comprising an open plan kitchen, reception room and bedroom space with a bathroom with shower.
Flat 4:
14 Square metres
EPC - C
Estimated rental income:£300 pcm
Second floor studio apartment, comprising an open plan kitchen, reception and bedroom space with a bathroom with shower.
Flat 5:
37 Square Metres
EPC - D
Estimated rental income:£550 pcm
Second floor two-bedroom apartment, comprising a kitchen with reception space, two double bedrooms, shower room and separate WC
Location:
- Based in FY1, Blackpool Centre close to all local amenities
- Less than 10 minutes walk from Blackpool Promenade
- Less than 8 minutes walk from Houndshill Shopping Centre
- Just 4 minutes drive from Stanley Park
Additional Information
Tenure:
Freehold
Council Tax Band:
A
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Reads Avenue, Blackpool FY1
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Blackpool
119 Highfield Road,
Blackpool,
Fylde Coast, Lancashire,
FY4 2JE,
England
