Shared accommodation for sale in Palatine Road, Blackpool FY1
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Property features
- Freehold HMO Investment
- Eight Letting Rooms
- Currently Let
- - Producing £68,640 p.a.
- Offered with Full Vacant Possession
- Development Potential subject to any requisite consents
- Established and Popular Location
- Guide Price Reflects 39% Gross Yield on potential rent
Property description
Strapline
Auction Sale - 13/12/2023
Of Interest to Investors
Freehold HMO Investment Comprising Eight Rooms
Currently Let - Producing £68,640 per annum - To be sold with Full Vacant Possession
Description
The property comprises an eight bedroom, mid-terrace HMO currently fully let to nhs hospital students and producing £68,640 p.a. Arranged across ground, first and second floors, the property offers a huge amount of scope and opportunity, with a multitude of different options, be that continued use as an HMO or conversion/development to provide holiday lets, a bed & breakfast or hotel (subject to obtaining any requisite consents). The property will be being sold with full vacant possession upon completion.
The property is situated on the Northerly frontage of Palatine Road at its junction with Central Drive and the new Blackpool central 300 million pound leisure development that is under construction. Palatine Road is a popular road, which is within close proximity of a wide range of amenities, including Blackpool the sea front, and the Central Pier.
Blackpool itself is a popular tourist destination in the North West, along with good access to the surrounding towns.
Location
The property is located approximately 0.6 miles from Blackpool town centre and approximately 19 miles from Lancashire city centre. Blackpool and Fylde College/University Campus are also located 0.3 miles away.
Tenancy
The property is currently let as an HMO to the nhs by way of a private agreement. The total aggregate rent is £68,640 per annum.
The property is to be sold with Full Vacant Possession
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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