- Purchase Price: £185,000
- Refurbishment Cost: £15,000
- Stamp Duty: £6,750
- Annual Income: £22,100
- Lease / Freehold: Leasehold - New 125 Year Lease
- Ground Rent: £200 per unit p.a
- Yield: 11%
Chapel Street – Blackpool – 5 Flats
Residential property – consisting of 5 flats – refurbishment required.
This property is located in Blackpool, close to the Seafront and benefits from side sea view.
The property comprises of:
5 x 1 Bedroom Flats
3 out of the 5 flats are currently tenanted.
Bursting with character, Blackpool is a vibrant city with spectacular landmarks and attractions including Blackpool Pleasure Beach, Blackpool Piers, Blackpool Zoo, The Winter Gardens and popular Blackpool Tower. Fun, hip and laid back, with lots to do and see, Blackpool offers just about everything a traveller can wish for – no wonder the city is visited by 1.5 million tourists every year.
Blackpool North Shore is the ideal area if you are looking for a more peaceful and quieter part of Blackpool. There are hundreds of Hotels and B&Bs and the North Shore is home to popular attractions and landmarks such as Blackpool North Pier and the Grundy, a popular art gallery.
Trams run all day and will take you into the heart of Blackpool Central or Blackpool South Shore in a matter of minutes.