14 bed block of flats for sale

Park Road, Blackpool FY1

### Excellent Central Location

The property occupies a *convenient and well-connected central Blackpool location, within easy reach of the **town centre, local college, public transport links and a wide range of everyday amenities*.

Its central position provides convenient access to *shops, services, education and transport connections*, making the location particularly well suited to residential rental accommodation.

### Current Accommodation

The property currently comprises *9 self-contained flats*, consisting of:

* *2 × three-bedroom flats*

* *1 × two-bedroom flat*

* *2 × one-bedroom flats*

* *1 × large studio flat*

* *3 × smaller studio flats*

### Rental Income

The property currently produces a *gross rental income of approximately £53,500 per annum*.

The existing rental levels have remained unchanged for some time and therefore present an opportunity for rental growth, with an *estimated gross income of approximately £60,000 per annum achievable from the existing nine units*.

### Significant Development Potential – Potential for 12 Flats

One of the property's most attractive features is its unusual configuration.

Although the property is *detached, the building is effectively arranged as **two adjoining sides/wings, similar in layout to a pair of semi-detached properties*.

One side currently accommodates *7 flats, while the other side contains **2 flats*.

Subject to obtaining all necessary planning, building regulation and other relevant consents, there is “Significant development potential to reconfigure the existing two-flat side into up to five self-contained flats.”

This could potentially increase the accommodation from the existing *9 flats to approximately 12 flats*, offering substantial scope for an investor to increase both the rental income and overall capital value of the property