Property for sale

Ocean View, The Promenade, Blackpool, Lancashire

£370,000

Property Description

Key features

  • NINE letting apartments
  • Improvements throughout in recent years.
  • Annual rental income circa 49,400
  • Excellent occupancy.
  • Annual yield over 13%.
  • Promenade location.
  • Within 1/4 mile of the town centre.
  • Rare investment opportunity.

Full description

Summary
***OUTSTANDING INVESTMENT OPPORTUNITY***
NINE apartments producing an annual income circa £49,400. That is a yield over 13%. This is a yield which is all the more attractive when you consider it has undergone extensive improvements in recent years, with works including some re-decoration, new kitchens and bathrooms, thus reducing ongoing expenditure and maintaining the healthy return on your investment. All this with a promenade location, ensuring a higher rental demand.
An outstanding opportunity.


Directions
From our Blackpool office proceed along Church Street into the town centre to Talbot Square. At the traffic lights turn right onto the promenade this property can be found on the right hand side.


Ground Floor 

Flat 1 
Lounge/Kitchen, Double doors leading to the Bedroom, Shower room.

Flat 2 
Lounge/Kitchen, Bedroom, Shower room.

First Floor 

Flat 3 
Own entrance, Lounge, Bedroom with en-suite, Bathroom, Two bedrooms, Kitchen, Garden for exclusive use.

Flat 4 
Lounge/Kitchen, Shower room, Bedroom.

Second Floor 

Flat 5 
Lounge, Kitchen, Bedroom, Shower room.

Flat 6 
Lounge/Kitchen/Bedroom, Shower room.

Flat 7 
Lounge/Kitchen, Bedroom, Shower room.

Flat 8 
Lounge/Kitchen/Bedroom, Shower room.

Flat 9 
Lounge/Bedroom, Kitchen, Shower room.

Outside 
Parking for 2 vehicles.

Services 
The property has gas, electricity and water.

Business 
Flat 1 attracts - £90.00 p/w EPC rating - D Flat 2 attracts - £90.00 p/w EPC rating - D Flat 3 attracts - £135.00 p/w EPC rating - C Flat 4 attracts - £110.00 p/w EPC rating - C Flat 5 attracts - £115.00 p/w EPC rating - D Flat 6 attracts - £90.00 p/w EPC rating - D Flat 7 attracts - £110.00 p/w EPC rating - D Flat 8 attracts - £90.00 p/w EPC rating - D Flat 1 attracts - £120.00 p/w EPC rating - D Please note: These figures where correct at the time of listing.

More information from this agent

Listing History

Added on Rightmove:
29 November 2017

Nearest stations

  • Blackpool North (0.8 mi)
  • Layton (1.0 mi)
  • Blackpool South (2.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

McDonald & Company, Blackpool

29 Whitegate Drive Blackpool FY3 9AA

01253 469058 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Blackpool North (0.8 mi)
  • Layton (1.0 mi)
  • Blackpool South (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

McDonald & Company, Blackpool

29 Whitegate Drive Blackpool FY3 9AA

01253 469058 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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