This week’s featured property is a fantastic mixed-use investment opportunity located just yards from the seafront in Blackpool. On the market for £1,185,000, and generating £116,724 per year in rental income, the building is comprised of four large office spaces (currently vacant with potential for development), four retail units, and eight flats currently rented to a serviced accommodation provider with a five-year lease in place.
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Tel: +44 121 740 1000
Property Features
- 4 x Large Vacant Offices with Development Opportunity
- 4 x Retail Units
- All Retail Tenants are Long Serving from 6-25 Years – With 6 Year Leases in Place
- Approximately 9.9% Net Yield
- Brand New High Spec South Pier Apartments – 5 Year Lease to a Service Accommodation Provider Generating £69,000 P.A Net Rent / £5,750 PCM Net Rent
- Commercial Premises Currently Managed by Landlord with Full FRI Leases In Place and Apartments Are Managed by SA Provider
- Eight Flats (6 x Two Bedrooms, 1 x One Bedroom & 1 x Three Bedrooms)
- Freehold Investment Mixed-Use Property
- Generating a Total Income Of £116,724 P.A Net Rent / £9,727 PCM Net Rent
- Popular Location – 250 Yards from Pleasure Beach Resort Theme Park and 250 Yards from Beach
- Residents Only Games Room, Cinema Room and Gym
Superbly located just 250 yards from Blackpool Pleasure Beach Resort Theme Park and 250 yards from the seafront, this property occupies a highly sought-after position with excellent footfall and tourist traffic. The area enjoys strong demand from commercial tenants and short-term residential occupiers alike, making it ideal for continued investment growth.
The commercial premises are managed by the landlord under full FRI leases, and the residential apartments are let to a service accommodation provider under a 5-year lease agreement.
92 Bond St – Takeaway – £670 pcm / £8,040 p.a
98-100 Bond St – Café – £1,000 pcm / £12,000 p.a
32/32a Station Rd – Dry Cleaners – £1,457 pcm / £17,484 p.a
34/34a Station Rd – Cleaning Company – £850pcm / £10,200 p.a
– Total £47,724 P.A Net Rent
Brand new high spec South Pier apartments leased to a reputable Serviced Accommodation provider on a 5-year lease at £69,000:
– 6 x £750 PCM Rent / £9,000 PA Rent
– 1 x £700 PCM Rent / £8,400 PA Rent
– 1 x £550 PCM Rent / £6,600 PA Rent
– Total Income: £69,000 PA Net Rent / £5,750 PCM Net Rent
4 x Large vacant offices with development opportunities
Total rental income: £116,724 P.A Net Rent / £9,727 PCM Net Rent
Please contact OPA for viewings.
