DESCRIPTION: The property investment company consists of 3 blocks of residential properties in Blackpool and a vacant plot of land in Cornwall. 10 flats in total plus a garage, the rental income is approximately £52,000 per annum. The properties are well maintained and in good condition retaining good occupancy levels. Company mortgages at beneficial rates are secured on two properties which will be offset against the selling price. Well established Investment Company producing a 11.5% yield.
23-25 General Street, Blackpool: 3 Flats & Cellar Store
Ground Floor: Flat 1: 2 bedroom flat with rear walled garden let at £124 per week + water rates;
First Floor: Flat 2: 1 bedroom flat let at £95 per week;
Second Floor: Flat 3: 1 bedroom flat let at £90 per week;
Cellar Store: Storage area used by owner;
Annual Income: £16,290 per annum.
318 Lytham Road, Blackpool: 4 Flats, Store, Cellar, Garage & Parking space to rear (shop not included)
Ground Floor Rear: Flat 1: 1 bedroom flat let at £95 per week;
First Floor: Front Flat 2: 1 bedroom flat let at £90 per week;
Rear Flat 3: 1 bedroom flat let at £90 per week;
Second Floor: Flat 4: 1 bedroom flat let at £95 per week;
Rear Garage: Single garage let at £50 per month;
Rear Yard: Car parking space with secured up & over door, used by owner (could rent);
Top Floor Store: Used by owner;
Annual Income: £19,840 per annum.
19 Hesketh Ave, Blackpool: 3 Flats, Garage & Cellar Store
Ground Floor Rear: Flat 8: 1 bedroom flat let at £100 per week;
Ground/First Floor: Flat 9: 1 bedroom flat let at £99.30 per week;
First Floor: Flat 3: 1 bedroom flat let at £99.30 per week;
Cellar: Store used by owner;
Garage: Single door unit for bin store;
Annual Income: £15,527.20 per annum.
Plots 96 & 97 Woodside Fields, Saltash: 2 Plots of Land
Each plots are 100 sq ft and positioned behind each other from roadside.
Total Rental Income: £51,657.20
Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.
Stringfellow Homes Ltd, Blackpool
Tenure Type: Freehold
Private Living: No