The subject property is located on the east side of Park Road in the heart of Blackpool. Blackpool the popular seaside resort on the Irish Sea coast of England.
There are an array of local amenities within walking distance to the property including shops, bars and restaurants. Blackpool football club is located to the south of the property and is just 1 mile from the property.
There are a number of local schools and numerous transport links nearby. The property is located just off the A583 with Blackpool north train station located 0.5 miles from the property and Blackpool south located 1.6 miles, providing easy access for commuters.
Blackpool boasts many popular tourist attractions, such as the Blackpool tower and the north pier which are both within 0.5 mile of the property.
This spacious mid terrace house which has been converted into four self contained apartments arranged over three floors.
There are two, two bedroom flats, one being a maisonette arranged over the first and second floor. The second is located to the second floor, both having lounge, fitted kitchens, two bedrooms and family bathrooms. The maisonette also benefits from additional storage space.
The two one bedroom flats are arranged over the ground floor and first floor. Both having a lounge, kitchen, one bedroom and bathroom.
Externally the property benefits from driveway parking to the front aspect and a yard area to the rear which is shared by the two rear facing flats.
Approx. gross internal floor area.
We understand the property has mains gas, electric, water & drainage.
We are advised that all of the four properties are currently tenanted and are achieving the following:
Flat 1 – £125 pw
Flat 2 – £90 pw
Flat 3 – £90 pw
Flat 4 – £85 pw
The property is currently generating £1690 pcm (£20,280 pa). Representing a gross annual yield of 10.96%.
Each property is rated in Council Tax Band A. Council Tax payable (2014/15) is £1057.18
Please note an inspection of this property has not been undertaken.
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
54 Park Road
✓ Mid terrace property converted into four self contained flats
✓ All currently tenanted
✓ Currently let for £1690 pcm (£20,280 pa)
✓ Representing a gross yield of 10.96%
✓ In good order throughout
✓ Two 2 bedroom flats
✓ Two one bedroom flats
✓ Strong rental area
✓ Close to all amenities
✓ Good transport links
Phone: 0115 970 6060
Our Ref: PR254