Permanent Flats

Chatsworth Avenue, Norbreck, Blackpool

£420,000 (Freehold)

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Permanent Flats

Permanent Flats / Residential Investments

REF 010672


DESCRIPTION: A substantial corner property located to the North of Blackpool on the corner of Queens Promenade and Chatsworth Avenue. The property consists of 12 self contained flats (5 x 2 bed & 7 x 1 bed). Electric heating to all flats with each flat having £1 coin meters. Tenants pay individual Council Tax. Forecourt parking for approx. 10 cars plus a garage store. Rent form £85 a week to £100 a week with a potential gross rental income of £11,000 per month (£57,000 per annum). The flats range in size from 22sqm to 40sqm. Part tenanted, in need of some refurbishment.

LOCATION: On the corner of Queens Promenade and Chatsworth Avenue at Norbreck overlooking the Irish Sea.

ACCOMMODATION
Ground Floor: Flat 19: (own front door) Lounge/kitchen; 2 bedrooms; bathroom; Flat 18: (own front door) Lounge/kitchen; bedroom en suite shower and wc; Flat 17: Lounge/kitchen; bedroom en suite shower and wc; Flat 5: Hall; lounge/kitchen; bedroom; shower and wc;

First Floor: Flat 6: Lounge/kitchen; bedroom; shower and wc; Flat 7: Lounge/kitchen; bedroom; shower and wc; Flat 9: Lounge/kitchen; 2 bedrooms; shower and wc; Flat 10: Lounge/kitchen; 2 bedrooms; shower and wc;

Second Floor: Flat 11: Lounge/kitchen; bedroom; shower and wc; Flat 12: Lounge/kitchen; 2 bedrooms; shower and wc; Flat 15: Lounge/kitchen; 2 bedrooms; shower and wc; Flat 16: Lounge/kitchen; 2 bedrooms; shower and wc;

Exterior: Front garden, side forecourt parking for 9/10 cars and garage/store to rear.

BUSINESS: Potential rental income based on £85 a week for a 1 bedroom flat and £100 a week for a 2 bedroom flat would be £1,095 a week which equates to £57,000 per annum.

SERVICES: Electric and water services connected.

PLANNING: Lawful use certificate granted 9th June 2021

STOCK at valuation

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

1-7 Chatsworth Avenue, Norbreck, Blackpool FY2 9AN

Tenure Type: Freehold
Private Living: No


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