Blackpool - Income Producing 2 x Ground Floor Operating Commercial Units - Click for more info

Blackpool, Lancashire
£549,995.00

Property Investor App

Posting for 2+ years

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propertyinvestorapp.co.uk

Property Investor App

Posting for 2+ years

See all ads

Contact Property Investor App


propertyinvestorapp.co.uk
Posted
5 hours ago
Seller type
Agency
Property type
Flat
Number of bedrooms
6

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Mixed Commercial Investment

Income Producing 2 x Ground Floor Operating Commercial Units

1 x Operating Hotel with Planning Permission for 6 Serviced Apartments

Central Drive, Blackpool, FY1 5PY

Purchase Price = £549,995

Finder’s Fee = £10,000 + Vat

Current Rental Income = £3,500 pcm = £42,000 per annum

Total Potential Gross Income = £15,700 pcm = £188,400 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £8,649 pcm = £103,788 per annum

Self Managed = £12,417 pcm = £149,004 per annum

For a limited time only, we have managed to secure an income producing commercial investment property located in a prime position in Blackpool.

Introducing Central Drive is a 3-storey operating commercial investment with long term tenants occupying the ground floor units on FRI leases. These include:

Fish & Chip shop generating £30,000 per annum
Newsagent generating £10,000 per annum but increasing to £12,000 per annum
The upper floors are currently occupied as a hotel, however, there is planning permission to convert the uppers to 6 serviced apartments. The planning consent offers added value to an investor who is looking to maximise the return on their investment.

There is full planning permission in place for:

1 x 1 bedroom serviced apartment
3 x 2 bedroom serviced apartments
2 x 3 bedroom serviced apartment
The property offers instant cashflow with the premises being occupied by 3 tenants and producing anannual income of £46,000 per annum.

The property is located in a prime position in central Blackpool being adjacent to the new £300 million Chariot of the Gods development, within proximity to great transport connections and famous Blackpool Tower only a short walk away. The development will bring a new car park, theatre, theme park, food market and much more.

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1408772258


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