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6 bed flat
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Our Summary
- The flats have planning permission for 5 self-contained flats with 3 one bedroom, 1 studio in the main building and a 2 bedroom self-contained to the rear with its own entrance this rear flat is in use as 2 x 1 bed units
- Potential for uplift on rents
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Description
This semi-detached property in Cleveleys, Lancashire, is home to six self-contained flats, ranging from studios to one-bedroom units, with a total floor area of approximately 150 square meters. The property has a rent roll with full occupancy, generating £2,580 per calendar month, with an initial gross yield of 12%. The flats have planning permission for five self-contained units, with the rear flat currently used as two one-bedroom units.
The property benefits from electric and water services connected, double glazing, and individual electric meters. The location is close to Cleveleys Town Centre and the Promenade, making it an attractive investment opportunity with potential for rent uplift.