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2xBlocks of 7 flats with a total of... 27 bed block of apartments for sale
Block of 14 Flats Let Until 2065, Blackpool, FY1
£1,243,206
Block of 14 Flats Let Until 2065, Blackpool, FY1
£1,243,206
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
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Here is a summary of the property description in a single paragraph:
This exceptional investment opportunity offers a net rental income of £11,396.06 per month, equating to £136,752.72 per annum, and a 11% net rental yield. The property is a charming block of 14 fully-tenanted flats, with a long-term lease lasting 40 years, let until 2065, to a well-established accommodation provider. The flats are thoughtfully designed, with 13 two-bedroom apartments and one one-bedroom apartment, each featuring a kitchen, bathroom, and reception room. Located in a desirable residential and tourist area, the property offers excellent transport links, shops, and amenities, and is situated near the seaside. The property is freehold, with a 40-year lease in place, and the tenant is responsible for bills, council tax, and most internal repairs and maintenance.