Mixed Investment

Red Bank Road, Bispham, Blackpool

£159,950 (Freehold)

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Mixed Investment

Commercial Investments

REF 010273


DESCRIPTION: Mid terraced 3 storey property located on Red Bank Road in the local shopping area at Bispham to the North of Blackpool Centre. Ground floor let to a Hairdresser on a 5 year lease from 7/2019 at a rent of £8,800 per annum. Two bedroom flat on the first floor with front and rear access. One bedroom flat on the second floor with rear access. Rental income from flats £190 per week. Gross rental income £18,690 per annum providing a sound investment with a 11% yield.

LOCATION: On the Northerly frontage of Red Bank Road in a local parade of shops and restaurants close to the Promenade and opposite Sainsburys Supermarket.

ACCOMMODATION
Ground Floor: Hairdressers: Approx 56sqm with double glazed open plan Salon; wc;

First Floor: No 79: Access off Red Bank Road and rear: Bedroom 1.9m x 3.5m; lounge 3.4m x 5m; bedroom 3.8m x 3.6m; bathroom 1.7m x 2.2m with bath, wash hand basin and wc; kitchen 2.5m x 2.1m;

Second Floor: No 79a: Lounge 1.6m x 2.2m + 4.3m x 2.6m: bedroom 4.1m x 2.3m; kitchen 3m x 1.5m; bathroom 1.6m x 3.1m with bath and over bath shower, wash hand basin and wc;

Exterior: Rear garden with staircase to decked patio and access and individual doors to flats.

RENT SCHEDULE:
Hairdressers: Let on a 5 year lease from 7/2019, passing rent £8,800 per annum.
First Floor Flat: Potential rental £110 per week, vacant at present.
Second Floor Flat: Let on 6 month SHTA, rent £80 per week.

SERVICES: Electric and water services connected.

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

77/79 Red Bank Road, Bispham, Blackpool FY2 9HZ

Tenure Type: Freehold
Private Living: Yes


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