Investment Flats

DESCRIPTION: Substantial detached property located immediately off Queens Promenade at Bispham close to Red Bank Road. The property comprises of 6 self-contained flats including four 1 bedroom and two 2 bedroom units. Rents range from £75 to £110 a week with a gross rental income of £535 a week (£27,820 per annum). Individual card meter and Landlords supply gas central heating.

LOCATION: On the Northerly frontage of Cavendish Road at Bispham immediately off Queen Promenade close to Red Bank Road.

ACCOMMODATION
Ground Floor: Flat 1 (maisonette): Lounge; kitchen; stairs to basement with 2 bedrooms; shower and wc (55.86 sqm); Flat 2 (side entrance): Lounge; kitchen; bedroom with en suite shower and wc (25.95 sqm);

Basement (rear entrance): Lounge; kitchen; bedroom with en suite shower and wc (39.39 sqm);

First Floor: Flat 3: Lounge/kitchen; bedroom with en suite shower and wc (32.75 sqm); Flat 4: Lounge/kitchen; bedroom; shower and wc (36.78 sqm);

Second Floor: Flat 5: Lounge; kitchen; 2 bedrooms; shower and wc (54.36 sqm);

Exterior: Drive and rear yard.

RENT SCHEDULE:
1 let at £75 per week, 3 let st £85 per week, 1 let at £95 per week and 1 let at £110 per week. Gross annual rental income £27,820 with an initial yield of 11.5%

SERVICES: All mains services connected, gas central heating (landlords supply), individual electricity card meters.

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

2 Cavendish Road, Blackpool FY2 9JR

Tenure Type: Freehold
Private Living: No