Freehold Block of 3 Flats – Reduced

Location: Blackpool

Price: £155,000

Discount: Included

A freehold block of 3 x self contained apartments for sale close to Blackpool promenade. the block consists of 2 x 2 bed duplex apartments and 1 x maisonette apartment.

Both 2 bedroom apartments have been recently refurbished and are let for £600 PCM and £460 PCM respectively.

The 1 bedroom maisonette apartment requires a full refurb for which we have been quoted £7,800 by the contractor who carried out the work on the rest of the building.

This quote will be provided in the sales particulars. Once fully let, the property will produce circa £1,510 PCM which would translate to a huge gross yield of 11.6%

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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.