Block of 6 Flats Let Until 2065... 12 bed block of apartments for sale

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Block of 6 Flats Let Until 2065... 12 bed block of apartments for sale

Hornby Road, Blackpool FY1
£549,800

Our Summary

  • The opa are pleased to share an outstanding investment opportunity that offers the potential for a net rental income of £5,038
  • Tenure & investment opportunity
  • Cash buyers preferred
  • Cash purchasers preferred

Description

This is a unique investment opportunity to purchase a charming block of six self-contained flats, offering a net rental income of £5,038.80 per month, equivalent to a 11% net rental yield. The property is located in a desirable residential and tourist area, with excellent transport links and easy access to local amenities. The flats are fully tenanted, with a 40-year long-term lease in place until 2065, ensuring a stress-free investment experience. Each flat features two comfortable bedrooms, a bathroom, a kitchen, and a welcoming reception room, making it an attractive option for both residents and investors. The property is sold freehold, with the benefit of a 40-year hands-off lease, and the tenant is responsible for bills, council tax, and most internal repairs and maintenance.
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