Residential Investment

Central Drive, Central, Blackpool

£199,950 (Freehold)

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Residential Investment

Permanent Flats / Residential Investments

REF 010294


DESCRIPTION: Two mid terraced 2 storey properties with 3 self contained flats to each property plus two lock up stores to the rear. The 6 self contained flats and the 2 stores provide a gross rental income of £28,000 per annum when fully occupied. Individual Council Tax and electricity meters, L2 fire alarm system to each property plus additional 240v interlinked fire alarm system to each flat. Double glazed and electric central heating boilers to wet radiators. The ground floor shop has been sold off some years ago and is held on a 999 year ground lease with a peppercorn rent.

LOCATION: On the Westerly frontage of Central Drive close to its junction with Palatine Road and Chapel Street.

ACCOMMODATION
No 61: Ground Floor:
Flat 1 Rear: Lounge 3.4m x 3.7m; bedroom 2.5m x 2.3m; kitchen 1.8m x 1.9m; shower, wc & wash hand basin: 1.4m x 0.2m;

First Floor:
Flat 2 Rear: Lounge 3.4m x 3.5m; bedroom 2.6m x 2.4m; kitchen 1.8m x 1.7m; shower, wc & wash hand basin 1.6m x 1.5m;

Flat 3 Front: Lounge 5.2m x 3.3m; kitchen 2m x 2.6m; double bedroom 4.2m x 3.6m en suite shower, wc & wash hand basin;

No 63a: Ground Floor:
Flat 1 Rear: Lounge/bedroom; kitchen; shower, wc & wash hand basin;

First Floor:
Flat 2 Front: Lounge; kitchen; bedroom with en suite shower, wc & wash hand basin;

Flat 3 Rear: Lounge; bedroom; kitchen; shower, wc & wash hand basin;

Exterior: Communal yard to lock up stores with roller shutters.

BUSINESS:
No 61: Flat 1: £85 per week
Flat 2: £85 per week
Flat 3: £90 per week
No 63a: Flat 1: £85 per week
Flat 2: £85 per week
Flat 3: £90 per week
Total £520 per week

2 lock up stores let at £10 each a week. All flats in No 63a currently let on 6 months ASTA’s plus both lock up storage units. Flats in No 61 have been left empty to assist with viewings.

SERVICES: Electric and water services connected. Individual electric central heating boilers and radiators. Entry phone bells to No 61, Electrical safety certificates, L2 fire alarm and individual interlinked systems.

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

61/63a Central Drive, Blackpool, FY1 5DS

 

Tenure Type: Freehold
Private Living: No


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