- Purchase Price: £174,000
- Refurbishment Cost: £0.00
- Stamp Duty: £5,750
- Annual Income: £19,240
- Lease / Freehold: Leasehold - New 125 Year Lease
- Ground Rent: £200 per unit p.a
- Yield: 11%
Balmoral Terrace – Fleetwood – 4 Flats – 11% Yield.
Residential property – consisting of 4 flats – property does not require refurbishment.
This terraced property is located in Fleetwood, 8.5 miles outside of Blackpool, approx 23 minute drive to central Blackpool.
The property comprises of:
3 x 1 Bedroom Flats
1 x 2 Bedroom Flats
3 out of the 4 Flats are currently tenanted.
Side sea views of the Fleetwood seafront.
Fleetwood is a beautiful, Victorian seaside resort boasting a stunning promenade, Art Deco Theatre, a beautiful harbour yacht marina, traditional shops and the Famous Fleetwood Market. Having undergone recent regeneration used to improve buildings, upgrade facilities and encourage business in the town, Fleetwood is now at the forefront of being the perfect holiday destination. Enjoy a walk along the promenade and see some of the most magnificent views in Lancashire, have some family fun at Marine Splash or see some top flight events at the historic Marine Hall.