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1 bed end of terrace house
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Price History
Our Summary
- For sale by auction - Freehold Investment Opportunity – Dickson Road, Blackpool, FY1 2HQ An attractive freehold investment opportunity located on the North Promenade area of Blackpool, a well-established and popular location benefiting from strong demand and excellent local amenities
- 69 per flat on two flats, with clear potential to increase income through lease updates on the remaining flats
- Service / Management Charge: £953 per flat per annum across all six flats, generating a stable recurring income, with scope for annual uplift in line with costs and market expectations
- This Property is Being sold by TAUK Modern Method Auction
- Modern Method Auction is a faster and more secure way to sell or purchase a property, where the seller and the buyer commit to the transaction and an agreed fixed timescale
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Description
The property is a freehold block of six self-contained flats located on Dickson Road in Blackpool. It's situated within close proximity to the promenade, entertainment venues, hotels, shops, and local services. The freehold includes two flats with ground rents of £313.69 per flat, while the remaining four flats have potential to generate further income through lease updates.
A service/management charge of £953 per flat per annum is collected from all six flats, generating a stable recurring income with potential for annual increases.