6 bedroom block of apartments for sale

>

6 bedroom block of apartments for sale

Central Drive, Blackpool
£115,000

Price History

Initial price £135,000
04/04/25 £115,000
Price Change -14.81%

Description

This rare opportunity presents a 6-bedroom HMO with planning permission and an adjacent commercial unit, totaling over 2,600 sq. ft. The projected income once let would be circa £28,000, yielding 20% gross return on the starting price of £115,000. The commercial unit, located in the heart of Blackpool's regeneration area, requires refurbishment, while the HMO is in relatively good condition, needing minor remedial works. The property can be viewed in person or through a 360 virtual tour, and prospective buyers must register with the auctioneer to place bids. The auction end date is scheduled for April 28, 2025, and upon acceptance of their bid, the winning bidder will be required to pay a deposit and buyer's premium within 24 hours.