3A Palatine Road, Blackpool, FY1 4BT
- PROPERTY TYPE
House of Multiple Occupation
- Freehold HMO Investment
- Eight Letting Rooms
- Currently Let
- - Producing £68,640 p.a.
- Offered with Full Vacant Possession
- Development Potential subject to any requisite consents
- Established and Popular Location
- Guide Price Reflects 39% Gross Yield on potential rent
StrapLineAuction Sale - 13/12/2023
Of Interest to Investors
Freehold HMO Investment Comprising Eight Rooms
Currently Let - Producing £68,640 per annum - To be sold with Full Vacant Possession
The property comprises an eight bedroom, mid-terrace HMO currently fully let to NHS hospital students and producing £68,640 p.a. Arranged across ground, first and second floors, the property offers a huge amount of scope and opportunity, with a multitude of different options, be that continued use as an HMO or conversion/development to provide holiday lets, a bed & breakfast or hotel (subject to obtaining any requisite consents). The property will be being sold with full vacant possession upon completion.
The property is situated on the Northerly frontage of Palatine Road at its junction with Central Drive and the new Blackpool central 300 million pound leisure development that is under construction. Palatine Road is a popular road, which is within close proximity of a wide range of amenities, including Blackpool the sea front, and the Central Pier.
Blackpool itself is a popular tourist destination in the North West, along with good access to the surrounding towns.
The property is located approximately 0.6 miles from Blackpool town centre and approximately 19 miles from Lancashire city centre. Blackpool and Fylde College/University Campus are also located 0.3 miles away.
The property is currently let as an HMO to the NHS by way of a private agreement. The total aggregate rent is £68,640 per annum.
The property is to be sold with Full Vacant Possession
3A Palatine Road, Blackpool, FY1 4BT
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Blackpool North Station0.6 miles
- Blackpool South Station1.0 miles
- Blackpool Pleasure Beach Station1.7 miles
About the agent
Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.
Stamp Duty calculator
Staying secure when looking for property
Disclaimer - Property reference 136-8691. 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 Savills Auctions, London. 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.
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 Savills Auctions, London on 020 3909 6715.
*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.
Map data ©OpenStreetMap contributors.