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9 bedroom block of apartments for sale

Tyldesley Road, Blackpool, Lancashire, FY1

£325,000

Property Description

Key features

  • Fully tenanted investment property
  • 9.86% Gross Rental Yield
  • 32,040 rent per annum
  • + 19.08% HPI (last five years)

Full description

Tenure: Freehold

This is an exciting opportunity to purchase the freehold of a 5-unit block of fully tenanted flats in Blackpool. This property contains 5 very spacious larger than average self-contained apartments, and each apartment benefits from individual gas heating. This income generating property produces £32,040 per annum and has an impressive gross yield of 9.86%.

Blackpool is a seaside resort on the coast of the county of Lancashire in north-west England. This town is situated around 15 miles north-west of Preston, 27 miles north of Liverpool and 40 miles north-west of Manchester.

Blackpool North is the main station serving this town and is the terminus stop on the Blackpool branch line operated by Northern and Virgin Trains. Northern runs 1 train per hour to each of these destinations from this station; Preston, Liverpool Lime Street and Manchester Piccadilly via Bolton. A further 4 trains per day to London Euston are run by Virgin Trains. Blackpool Transport and Stagecoach provide bus services around the town and to destinations within the region also. Blackpool fortunately has access to a tram service that run from Starr Gate to Fleetwood, and there are plans to extend this even further to Blackpool North station by April 2019.

Blackpool is still recognised as one of the major centres of tourism in the UK and there are over a hundred fun-filled and action-packed attractions, throughout the centre of town and surrounding areas. Attractions such as Blackpool Pleasure Beach, Blackpool tower, SEA LIFE, Blackpool Zoo, Madame Tussauds and many more draws in thousands of tourists every year. This property is also a short walk from Houndshill Shopping Centre which is the main source of retail options in town and has a selection of well-known high street brands.

Total No. of units: 5 x Apartments
4 x 2 Bedroom; 1 x 1 Bedroom
Price: £325,000 Freehold
Aggregated Rent: £2,670 pcm; £32,040 pa
Aggregate Gross yield: 9.86%
Tenancy types: AST
Tenancy start date: Varies
Tenancy term: Periodic
Deposit amount: TBC

Ref. VES-FY1-001

Vesta have not visited the property and the materials have been provided by the vendor.

The documents relating to the property are the latest available at the date of listing. Certain documents may expire or become inaccurate over time.

Please note that prospective buyers will be required to pay a fee of £900 per unit to Vesta upon acceptance of an offer on this property. The seller of the property will also pay a fee to Vesta.


Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
26 October 2018

Nearest stations

  • Blackpool South (0.6 mi)
  • Blackpool North (1.0 mi)
  • Blackpool Pleasure Beach (1.3 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:

Vesta, London

29 Charlotte Road London EC2A 3PF

020 3858 9843 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.

Floorplans


To view this property or request more details, contact:

Vesta, London

29 Charlotte Road London EC2A 3PF

020 3858 9843 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 South (0.6 mi)
  • Blackpool North (1.0 mi)
  • Blackpool Pleasure Beach (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Vesta, London

29 Charlotte Road London EC2A 3PF

020 3858 9843 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.

Disclaimer - Property reference VES-FY1-001. 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 Vesta, 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.

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