Project Description

 

CLICK HERE FOR AUCTION CATALOGUE, LOT PHOTOS & ONLINE BIDDING

Location
The property is situated on Warrenhurst Road in the centre of the town. Fleetwood is located 8 miles north of Blackpool on the north-west coast besides the Irish Sea. The city of Lancaster is 25 miles to the north-west where there is a regular ferry service to the Isle of Man

Fleetwood hosts all the usual local amenities, including an Asda superstore, various national and independent retailers and numerous bars and restaurants.

A regular tram service links to Blackpool where you will find a national train station linking to the rest of the country.

Description
Excellent investment opportunity to be sold with tenants in situ. The property comprises a former bank, arranged as six modern apartments over three floors. There are 2 x 2 bedroom apartments and 4 x 1 bedroom apartments.

The property will be sold subject to the existing tenancies and all six apartments come with spacious modern bathrooms, open plan living rooms / modern kitchens and central heating. The two penthouses have the benefit of balconies and views over the town.

Viewing is highly advised to appreciate this unique building which has been refurbished to an excellent standard.

Accommodation
Not measured.

Investment analysis

Flat 1 – 1 bedroom – £400 pcm
Flat 2 – 1 Bedroom – £412 pcm
Flat 3 – 2 Bedroom – £450 pcm
Flat 4 – 1 Bedroom – £375 pcm
Flat 5 – 2 Bedroom – £450 pcm
Flat 6 – 1 Bedroom – £455 pcm

AST agreements are in place for five flats. An AST agreement for Flat 3 will be signed on 25 November 2015.

The flats have all been refurbished to an excellent standard and so maintenance costs will be low over the forthcoming years, making this an ideal investment opportunity.

The tenants pay all their own bills.

Services
We understand the property has mains electricity, water and drainage.

Tenure
Freehold

Council Tax
The properties are currently rated in Council Tax Band A.

LEGAL PACK
johnpye.co.uk.auctiondocs.com

Viewing by Appointment

To view this property, please contact John Pye Property – property@johnpye.co.uk – 0115 970 6060

Please click the following link to access the legal pack documents – http://www.johnpye.auctiondocs.com/

Address

1 Warrenhurst Road,
Fleetwood,
Lancashire.
FY7 6SL

Features

CLICK HERE FOR AUCTION CATALOGUE, LOT PHOTOS & ONLINE BIDDING

✓ 2 x 2 bedroom apartments
✓ 4 x 1 bed apartments
✓ From 25 November 2015 annual rent will be £30,504
✓ 10% yield
✓ Balconies to penthouses
✓ Fully modernised
✓ Unique building
✓ Convenient location
✓ Excellent transport links
✓ Low maintenance investment

Contact

Chris Roper, MRICS
Phone: 0115 970 6060
Email: property@johnpye.co.uk
Our Ref: PR032

TPO_generic logo

NLAlogoSupplierblue