Lytham Road, Blackpool, FY4 Investment Property For Sale

This Substantial 3 Storey Corner Property comprises of 5 Permanent Flats. 1 x 2 Bed Flat, and 4 x 1 Bed Flat Plus Lock Up/Garage.

The property is situated in the all year-round trading location of Lytham Road Blackpool, being close to shops and amenities.

The flats are in very good order throughout, which is reflected in the long-standing tenants, 4 out of 5 which are let on shorthold tenancy agreements and generating an annual income of £21,164, with potential to increase to £26,000 + pa. once fully let.

Viewing Recommended.

Ground Floor

Main communal entrance leading to hallway.

Flat 1

Fabulous Lounge area with wood effect flooring, high ceiling, and bay window.

Open plan dining room leading to fitted kitchen.

Bedroom with fitted robes.

Bathroom comprising 4-piece suite.

Lower Ground Floor

Cellar area with storage.

First Floor

Flat 2

Lounge leading to

Fitted kitchen

Bedroom

Shower and toilet.

Flat 3

Lounge

Fitted kitchen

Bedroom 1

Bedroom 2

Shower and toilet.

Second Floor

Flat 4

Lounge leading to

Fitted kitchen

Double bedroom

Shower and toilet.

Flat 5

Lounge with feature fireplace

Fitted kitchen

Double bedroom

Shower and toilet.

EXTERIOR; Car park to the front, providing car parking for 3 motor vehicles.

Small garden area to the side of the property, for the use of Flat 1.

Enclosed yard area at the rear of property with lock up garage, which is currently used by the landlord.

AGENTS NOTES: All flats have electric meters. The property is central heated and is double glazed.

Sales subject to the fees, terms and conditions of Pattinson Auctions.

BUSINESS: We are informed Flat 1 draws £117 pw, Flat 2,3,4 and 5 draw £95 pw. When fully let the property draws £26,104 pa.

Additional income could be generated from the lock up garage.

TENURE: Freehold

PRICE IS A STARTING BID

VIEWING: By appointment through Kenricks 01253 420420.