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27 bedroom 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
The OPA is thrilled to present an exceptional investment opportunity, producing a net rental income of £11,396.06 per month (£136,752.72 per annum) and an impressive 11% net rental yield. The property is a charming block of 14 fully-tenanted flats, leased to a well-established accommodation provider with over 10 years of trading history. The flats are thoughtfully designed, with 13 two-bedroom flats and one one-bedroom flat, offering a mix of passive income and community involvement. Located in a desirable residential and tourist area, the property benefits from excellent transport links, shops, and amenities, making it an attractive investment opportunity. The property is freehold, with a 40-year lease in place, and will be sold with the benefit of a 40-year hands-off lease let until 2065.