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19 bedroom block of apartments for sale
94/96/98 Palatine Road , Blackpool, FY1 4BY
£375,000
94/96/98 Palatine Road , Blackpool, FY1 4BY
£375,000
Price History
Initial price | £400,000 |
05/02/25 | £375,000 |
Price Change | -6.25% |
Description
This substantial investment opportunity is located close to Blackpool & The Fylde College University Centre and comprises two interconnected double properties, providing 14 en-suite letting rooms and one single property with 5 en-suite rooms, along with excellent communal/recreation spaces. The properties have a potential income of £75,000-£80,000 per annum, with the landlord responsible for paying bills. The buildings are arranged over three floors, with a mix of single and double bedrooms, en-suite bathrooms, and communal areas such as reception rooms, dining rooms, and kitchens. The exterior features rear yards and concrete forecourt parking. The properties are let at £390 per calendar month, with 11 out of 19 units occupied at the time of inspection. The property is located in an area with a high risk of surface water flooding, but has no history of flooding in the last five years. The properties are connected to gas, electric, and water services, and have EPC ratings of D until 2034.