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Cadeby Lodge, Hornby Road, Blackpool, FY1 4QP

PROPERTY TYPE

House

BEDROOMS

10

BATHROOMS

10

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

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Key features

  • Remarkable investment opportunity
  • Available with vacant possession
  • Substantial semi-detached property
  • 9 ensuite bedrooms
  • Reception room with bar
  • One bedroom apartment
  • Freehold
  • Set up as a fully operational B&B
  • Incredible returns to be generated
  • Fantastic location

Description

yieldit are delighted to offer to the market this exciting opportunity for investors perfectly situated on one of the main routes into Blackpool, a stone’s throw from the promenade and all popular attractions. The properties enviable position makes it an attractive prospect for investors looking to generate incredibly high returns on short term lets with nightly rates in the region of £129 in peak season with significant demand throughout the year for this kind of accommodation.

This substantial freehold semi-detached property is available with vacant possession and is already set up as a fully operational B&B meaning the new owner can hit the ground running. Internally, Cadeby Lodge consists of entrance hallway; reception room/bar; 9 ensuite bedrooms for various sized parties; a one-bedroom flat which includes a reception room, double bedroom, utility room, bathroom and private access to a small yard. To the front of the property is a driveway for off road parking for a few vehicles.

Blackpool is a great location for property investment, famous for its world-class attractions and sandy beaches it’s one of the biggest visitor destinations in the UK with ambitious development plans underway worth £300million will create even more attractions including new hotels, restaurants, apartments and entertainment venues. It is anticipated that the plans will attract 600,000 additional visitors a year with a combined annual spend of £75m and create new employment opportunities which will increase the demand for rental properties such as this one. Don't miss out on this opportunity to invest in a fantastic property in a brilliant location and enquire today!

**Please note, indicative yields are based upon illustrative figures the property being ran as B&B at full occupancy in 2017/2018.**

Financial Breakdown

Gross rent: £65,000
Net income: £42,000
Gross yield: 32.5%
Net yield: 21%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-07635

Energy Performance CertificatesA document confirming the energy efficiency rating of the property.Read more about epc in our glossary page.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Cadeby Lodge, Hornby Road, Blackpool, FY1 4QP

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool North Station0.5 miles
  • Blackpool South Station1.1 miles
  • Layton Station1.6 miles
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About the agent

yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartmen

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Disclaimer - Property reference YL-07635. 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 yieldit, Manchester. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.

**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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