Block of 7 Flats Let Until 2065... 14 bed property for sale

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Block of 7 Flats Let Until 2065... 14 bed property for sale

Block of 7 Flats Let Until 2065, Blackpool, FY1
£587,860

Price History

Initial price £641,302
19/03/25 £587,860
Price Change -8.33%

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: This exceptional investment opportunity offers a net rental income of £5,878.60 per month and an impressive 12% net rental yield. The property consists of 7 fully-tenanted flats, each with two bedrooms, a bathroom, a kitchen, and a reception room, let to a well-established accommodation provider with over 10 years of trading history. The property is situated on Palatine Road in a desirable residential and tourist area, with excellent transport links and access to shops, amenities, and the seaside. The property is freehold with a 40-year lease in place, let until 2065, and the tenant is responsible for bills, council tax, and internal repairs and maintenance. The property is available for viewing and offers a worry-free investment opportunity with a long-term lease and a net rental income that can be enjoyed by the investor.