Knowle Avenue, Blackpool
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
8
- BATHROOMS
6
- SIZE
2,826 sq ft
263 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- For Sale by Online Auction
- Block Of 6 Apartments Plus 2 Garages
- Prime Bispham Location, Close to Queen's Promenade
- Approx. 3,000 Sq. Ft. of Accommodation
- Fully Let with Immediate Income
- Rental Income of Circa £33,400 Per Annum
- 15% Gross Yield Based on The Starting Price
- Mix Of Studio, 1-Bed and 3-Bed Accommodation
- Strong, Established Rental Location
- Viewings via our 360 Virtual Tour
Description
A rare opportunity for investors to acquire a substantial freehold block of six apartments with two garages, extending to almost 3,000 sq. ft., in the highly regarded coastal suburb of Bispham. Situated just moments from Queen's Promenade, the property occupies a sought-after position close to the seafront, local amenities, transport links and popular leisure facilities, making it an attractive and sustainable rental location.
The block comprises a mix of one studio apartment, four one-bedroom apartments and a spacious three-bedroom ground floor apartment. All six apartments and both garages are fully let, providing immediate income from day one and removing any initial letting risk for the incoming purchaser.
The property currently generates approximately £33,400 per annum, producing an impressive 15% gross yield based on the starting price. Opportunities to acquire fully occupied multi-unit blocks at this level of return are increasingly rare, particularly in established coastal locations with strong tenant demand.
The current accommodation comprises a substantial three-bedroom ground floor apartment let at £606.67 PCM, together with four one-bedroom apartments currently producing rents of £390 PCM, £433 PCM, £420 PCM and £420 PCM respectively. The studio apartment is also let at £420 PCM, while the two garages generate a combined rental income of £173.33 PCM.
Bispham remains one of Blackpool's most desirable residential areas, with Queen's Promenade providing attractive coastal walks, excellent tram connections and easy access to both Blackpool and Cleveleys. The area benefits from a strong local amenities offering, good transport connectivity and sustained rental demand, making it a proven location for residential investment. The property is also well positioned to benefit from Blackpool's continued regeneration and investment programmes, which are helping to support long-term economic and property market growth across the town.
N.B. Photographs and virtual tour were taken last year (2025).
There is also an opportunity to acquire two additional apartment blocks on Northumberland Avenue. Purchasers interested in expanding their holdings may be able to acquire all three assets as a portfolio at a discounted rate. Please contact Steven in the sales team for further information.
COVERAGE BROADBAND
We are advised that the property can obtain Fibre to the Cabinet (FTTC)
MOBILE DATA
We are advised that you are likely to have mobile coverage
We would suggest that you also make your own enquiries as to Mobile Data coverage
AUCTION INFORMATION This property is for sale by online auction under WebbMove Auctions ('The Auctioneer'). Lots sold by the Auctioneer will typically be sold under unconditional auction terms.
The auction end date for this property is scheduled for 30th June 2026. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.
Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.
Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.
Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.
For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions. We recommend seeking the advice of a competent legal advisor before placing a bid.
Looking to SELL by AUCTION rather than BUY? Get in touch for your free valuation! You never know, your property may be worth more than you think.
WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.
Brochures
Portrait Brochure...- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Garage
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Knowle Avenue, Blackpool
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Visit our security centre to find out moreDisclaimer - Property reference 100331017944. 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 Tiger Sales & Lettings, Blackpool. 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 Tiger Sales & Lettings, Blackpool on 01253 835609.
*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.”
*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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