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27 bedroom property for sale
Block Of 14 Flats Let Until 2065, Blackpool, FY1
£1,139,606
Block Of 14 Flats Let Until 2065, Blackpool, FY1
£1,139,606
Price History
Initial price | £1,243,206 |
19/03/25 | £1,139,606 |
Price Change | -8.33% |
Description
This exceptional investment opportunity presents a net rental income of £11,396.06 per month and an impressive 12% net rental yield. The property consists of two charming blocks of 7 flats, totaling 14 fully-tenanted flats, with a long-term lease lasting 40 years. The property is leased to a well-established accommodation provider with over 10 years of trading history and over 2000 residents. The property is situated in a desirable residential and tourist area, offering convenience and comfort, with excellent transport links and access to local amenities. The property is freehold with a 40-year lease in place, and the tenant is responsible for bills, council tax, and most internal repairs and maintenance. With a high yield and a long-term lease, this investment opportunity provides a worry-free investment with potential for passive income.