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Block of Apartments for sale

Moon Avenue, Blackpool, Lancashire, FY1

Sold STC £420,000

Property Description

Key features

  • Modern apartment block
  • 6x2 bed apartments
  • 1x1 bed apartment
  • Four garages
  • Modern fitted kitchens and bathrooms
  • Secure door entry
  • Good rental area
  • Approx 11.2% gross yield
  • Within walking distance to Blackpool FC, The Blackpool Tower and The North Pier

Full description

Location
The property is conveniently located in a corner position fronting onto both Moon Avenue and John Street on the outskirts of Blackpool town centre.

There are an array of local amenities within walking distance to the property including shops, bars and restaurants. Blackpool football club is located to the east of the property and is just a 5 minute walk away. There is local schooling and numerous transport links nearby. The property is located just off the A584 and Blackpool train station is located 4.6 miles from the property, providing easy access for commuters.

Blackpool boasts many popular tourist attractions, such as the Blackpool tower and the north pier which are both within one mile of the property and can be accessed within 20 minutes on foot.

Description
This detached block of modern build apartments, consists of 7 self contained units, including 6 x 2 bedroom apartments and 1 x 1 bedroom apartment. The accommodation is set over three floors and there are four garages providing some off street parking.

Each property has a modern fitted kitchen, with eye level and base units integrated hob, oven and extractor and space for a fridge and washing machine. The kitchen also benefits from complimentary work surfaces and tiling to splash back areas. Modern fitted family bathroom, comprising of low flush WC, wash hand basin and bath with overhead shower.

Each property is fitted with gas central heating and uPVC double glazing, making this an ideal investment opportunity for a ready made portfolio with little or no work required.

Accommodation
The property has not been measured.

Services
We understand the property has mains gas, electric, water and drainage.

Tenure
Freehold

Investment Analysis
We understand each of the six, two bedroom apartments are currently tenanted at 125 pw (6,500 per annum) per property.

The one bedroom apartment is currently tenanted at 95 pw (4,940 per annum).

The four garages are currently rented at approximately 15 each per week, providing an annual rent of 3,120.

There is an additional one property within the block that is owned privately, they will pay a service charge and ground rent annually.

The total annual income for the property is currently in the region of 47,060 reflecting a yield of 11.2%.

Council Tax
All flats are rated in Council Tax Band A.

*Guide Price
420,000+


More information from this agent

Listing History

Added on Rightmove:
08 April 2016

Map & Street View

Disclaimer - Property reference moonavenueblackpool. 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 John Pye Property, Nottingham . 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.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.


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