Warbreck Drive, Blackpool
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
4
- BATHROOMS
4
- SIZE
1,700 sq ft
158 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
- 4 Self-Contained Flats w/ Full Planning
- Fully Let To Long-Term Tenants Producing £18,568.68 Per Annum
- Approx. 18% Gross Yield Based On The Guide Price
- Excellent Value-Add Opportunity With Scope To Increase Rents And Enhance Capital Value
- Requires Modernisation And Electrical Upgrades To Obtain EICRs (Flat 4 Already Improved And Well Pre
- Subject To Blackpool's Selective Licensing Scheme (No Licence Currently Held)
- Main Bus Route Location Within Walking Distance Of The Promenade, Shops, Supermarkets And Local Amen
- Approx. 1,700 Sq Ft Garden Terraced Property
- Viewings Available in Person or via our 360 Virtual Tour
Description
High-Yield Investment Opportunity - Four Self-Contained Flats - Approx. 18% Gross Yield at Guide Price
A rare opportunity to acquire a substantial garden-fronted terraced property extending to approximately 1,700 sq ft, currently arranged as four self-contained flats, with full planning consent for use as four separate residential units. Offering immediate rental income and significant asset management potential, this is an excellent opportunity for investors seeking to add value.
The property is competitively priced for a prompt sale and currently generates a combined rental income of £18,568.68 per annum, representing an attractive approximate 18% gross yield based on the guide price. The current rents comprise:
Flat 1 - £398.84 PCM
Flat 2 - £350.87 PCM
Flat 3 - £398.84 PCM
Flat 4 - £398.84 PCM
The flats are occupied by long-term tenants, providing an established income stream from day one.
The building would benefit from a programme of refurbishment and modernisation, including electrical upgrades to enable the necessary Electrical Installation Condition Reports (EICRs) to be obtained. We understand Flat 4 has already undergone improvement works and is presented to a good standard, providing an indication of the standard that could be achieved throughout the remainder of the property.
With targeted investment, there is considerable scope to improve the accommodation, increase rental income in line with market levels and, in turn, enhance both the property's capital value and overall investment yield.
We understand the property falls within Blackpool's Selective Licensing Scheme and does not currently hold a licence. Prospective purchasers should satisfy themselves regarding the licensing requirements and any associated obligations.
Ideally situated on a main bus route, the property is just a short walk from Blackpool's picturesque Promenade and is conveniently located for a wide range of local amenities, including shops, supermarkets and other everyday conveniences.
An excellent opportunity for experienced landlords, developers and portfolio investors to acquire a fully let, income-producing multi-unit property with planning consent in place and substantial scope for future growth.
ENTRY 4' 1" x 4' 0" (1.24m x 1.22m)
COMMUNAL HALLWAY 17' 10" x 3' 11" (5.44m x 1.19m)
FLAT 1
LOUNGE 12' 6" x 15' 10" (3.81m x 4.83m)
BEDROOM 11' 0" x 12' 8" (3.35m x 3.86m)
KITCHEN 11' 2" x 11' 3" (3.4m x 3.43m)
UTILITY ROOM 11' 3" x 12' 6" (3.43m x 3.81m)
BATHROOM 8' 10" x 3' 1" (2.69m x 0.94m)
FIRST FLOOR
FLAT 2
LOUNGE/BEDROOM 17' 3" x 12' 10" (5.26m x 3.91m)
KITCHEN 5' 7" x 12' 8" (1.7m x 3.86m)
BATHROOM 4' 11" x 4' 11" (1.5m x 1.5m)
FLAT 3
LOUNGE/BEDROOM 11' 3" x 12' 6" (3.43m x 3.81m)
KITCHEN 11' 3" x 4' 0" (3.43m x 1.22m)
BATHROOM 5' 2" x 4' 4" (1.57m x 1.32m)
SECOND FLOOR
FLAT 4
KITCHEN/LOUNGE 13' 5" x 10' 10" (4.09m x 3.3m)
BEDROOM 16' 11" x 7' 10" (5.16m x 2.39m)
BATHROOM 6' 5" x 2' 4" (1.96m x 0.71m)
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 10th August 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,On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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
Warbreck Drive, Blackpool
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 100331018293. 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.