Block of Apartments for saleMoon Avenue, Blackpool, Lancashire, FY1
Sold STC £420,000
- 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
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.
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.
The property has not been measured.
We understand the property has mains gas, electric, water and drainage.
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%.
All flats are rated in Council Tax Band A.
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