Block Of 14 Flats Let Until 2065... 27 bed property for sale

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Block Of 14 Flats Let Until 2065... 27 bed property for sale

Block Of 14 Flats Let Until 2065, Blackpool, FY1
£1,139,606

Our Summary

  • The OPA are thrilled to present an exceptional investment opportunity producing a net rental income of £11,396
  • TENURE & INVESTMENT OPPORTUNITY
  • Planning for 14 x flats – see pack : Ref: 19/0041 & 20/0314
  • Cash buyers preferred
  • Cash purchasers preferred

Description

This exceptional investment opportunity presents a rare chance to generate a significant passive income. The property, comprising 14 fully-tenanted flats, offers a net rental income of £11,396.06 per month (£136,752.72 per annum) and a impressive 12% net rental yield. The long-term lease, lasting 40 years until 2065, ensures a worry-free investment. The property is located in a desirable residential and tourist area, with excellent transport links, shops, and amenities nearby. The freehold property is leased to a well-established accommodation provider, with over 10 years of trading history and over 2,000 residents. The property features 13 two-bedroom flats and one one-bedroom flat, all with modern amenities. With a buyer's fee of 2% of the purchase price, this is an attractive opportunity for investors seeking a secure and lucrative investment.
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