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Block of 7 Flats Let Until 2065... 14 bed block of apartments for sale
Block of 7 Flats Let Until 2065, Blackpool, FY1
£641,302
Block of 7 Flats Let Until 2065, Blackpool, FY1
£641,302
Our Summary
- The OPA are thrilled to present an exceptional investment opportunity producing a net rental income of £5,878
- TENURE & INVESTMENT OPPORTUNITY
- Cash buyers preferred
- Cash purchasers preferred
Description
This exceptional investment opportunity presents a charming block of 7 fully-tenanted flats, producing a net rental income of £5,878.60 per month and an impressive 11% net rental yield. The property is leased to a well-established accommodation provider with over 10 years of trading history and over 2000 residents. The 40-year lease, let until 2065, ensures a worry-free investment. The property is located in a desirable residential and tourist area, with excellent transport links and access to local amenities. The flats are thoughtfully designed, with two bedrooms, a bathroom, a kitchen, and a welcoming reception room. The property is freehold and will be sold with the benefit of a 40-year hands-off lease. With a long-term lease and a steady income stream, this investment opportunity is perfect for those looking to generate passive income while contributing positively to the community.