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Studio flat for sale

Lytham Road, Blackpool

£140,000

Property Description

Key features

  • IDEAL INVESTMENT OPPORTUNITY
  • TWO SHOPS WITH TWO SPACIOUS FLATS ABOVE
  • POTENTIAL TO GENERATE 400 PW - 20,800 - 14.9% YIELD
  • IDEAL RENTAL AND TRADING LOCATION
  • SHOP UNITS ON SEPARATE ELECTRIC METERS
  • SEPARATE SHUTTER ACCESS
  • 2 X 1 BEDROOM FLATS ABOVE
  • IN NEED OF RENOVATION
  • PARKING TO FRONT
  • CALL TO ARRANGE A VIEWING

Full description

Tenure: Freehold

*** IDEAL INVESTMENT OPPORTUNITY - TWO SHOPS WITH TWO SPACIOUS FLATS ABOVE *** POTENTIAL TO GENERATE £400 PW - £20,800 - 14.9% YIELD *** Situated in an ideal rental and trading location, close to other businesses and within short walking distance to Blackpool Promenade. The property benefits from two shop units both on separate electric meters and with separate shutter access as well as 2 X 1 bedroom flats above. Please note the property is in need of full renovation throughout. VIEWING ADVISED TO APPRECIATE THE POTENTIAL INVESTMENT AT HAND.

GROUND FLOOR
SHOP 1
Separate electric meter but no water.
Electric shutter

Approx 1500 SQFT
Previously let £100 per week.

SHOP 2
Separate electric and water meter.
W.C

Approx 800 SQFT
Previously let at £100 per week.

BASEMENT
FIRST FLOOR
FLAT 1
Large one bedroom flat in need of full renovation.

Potential to let at £100 per week.

SECOND FLOOR
FLAT 2
Large one bedroom flat in need of full renovation. (Potential to be reconfigured into two bedroom)

Potential to let at £100 per week.

EXTERIOR
To the front of the property there is space for off road parking for two cars.

ADDITIONAL INFO
Please note the property is in need of full renovation throughout so the rental figures shown on the main description would only apply once this work has been done.


Listing History

Added on Rightmove:
07 November 2016

Map & Street View

Disclaimer - Property reference MTC1COM01256. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Metcalf's, Blackpool. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.