£240,000 (Freehold)View More Details
DESCRIPTION: Mid terraced 5 storey property located on Palatine Road in Central Blackpool adjacent to the town centre and the Blackpool & Fylde College Park Road Campus. 8 en suite student rooms with communal lounge, dining room, kitchen, cinema room and dance studio. Rooms let at £95 a week on a 10 month AST with some students choosing to stay on through the summer. The sale will include the website www.blackpooluniaccommodation.com.
LOCATION: On the southerly frontage of Palatine Road close to its junction with Central drive close to the Town Centre and the Blackpool & Fylde College Park Road Campus.
Ground Floor: Hallway; lounge (27sqm); dining room (19sqm); kitchen (8sqm) with fitted wall and base units, 2 hobs and ovens;
Lower Ground Floor: Dance Studio (20sqm); Cinema Room (21sqm); utility (11sqm) with washer and dryer;
First Floor: Bedroom 1 (12sqm) en suite shower and wc; Bedroom 2 (15sqm) en suite; Bedroom 3 (14sqm) en suite;
Second Floor: Bedroom 4 (12sqm) en suite; Bedroom 5 (15sqm) en suite; Bedroom 6 (12sqm) en suite;
Third Floor: Bedroom 7 (14sqm) en suite; Bedroom 8 (14sqm) en suite;
Exterior: Rear garden area.
BUSINESS: Each room is rented at £95 a week with parents as guarantors on 10 month AST with some students choosing to stay over the summer into their next year. Potential income over 10 months £33,000 per annum. Gross yield 13.75%.
SERVICES: All mains services connected, gas central heating and double glazing. EPC RATING: D
Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.
3a Palatine Road, Blackpool, FY1 4BT
Tenure Type: Freehold
Private Living: No