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14 bedroom apartment for sale
Northumberland Avenue, Blackpool
£375,000
Northumberland Avenue, Blackpool
£375,000
Our Summary
- For Sale by Online Auction with a Starting Bid of £375,000
- See WebbMove for all the Auction Details
- The block occupies a large plot and could be redesigned and extended to add additional apartments, increasing the potential rental income significantly (STPP)
Description
A rare opportunity to purchase a portfolio of apartments with a combined income of approximately £58,000 per annum. The portfolio consists of two blocks of apartments, one located on Northumberland Avenue and the other on Knowle Avenue, both in the sought-after area of Bispham. The Northumberland Avenue block comprises four apartments, including a large 2-bedroom ground floor flat, three 1-bedroom apartments, and one 2-bedroom apartment, with a potential yield of 13% gross. The Knowle Avenue block features six apartments, including a 3-bedroom ground floor flat, five 1-bedroom apartments, and two garages, with a potential yield of 14% gross. Both blocks are located near the picturesque Queen's Promenade and have the potential to be redesigned and extended to increase rental income. The portfolio is being sold by online auction with a starting bid of £375,000, and the successful bidder will need to purchase both blocks as a single portfolio.