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Block of apartments for sale
485 Lytham Road, Blackpool, FY4 1JH
£540,000
485 Lytham Road, Blackpool, FY4 1JH
£540,000
Our Summary
- Well established tenants to the majority of the units with a current rent roll of ££56,000 per annum with scope for uplift
Description
This substantial detached three-storey corner property in Blackpool's South Shore area is a rare opportunity to purchase a well-established investment property. The property has been converted into nine spacious self-contained apartments, with eight one-bedroom and one two-bedroom units, each with individual water and electricity meters. The apartments are let to a mix of tenants, with a current rent roll of £56,000 per annum, offering scope for rent uplift. The property benefits from a communal entrance hall, communal gardens, and parking to the rear. With a total monthly rent of £4,749.67 and an annual rent of £59,996, this property presents a solid investment opportunity for anyone looking to diversify their portfolio.