Substantial three storey double fronted stone faced property in a convenient location close to the Town Centre. 12 self-contained good quality flats comprising 8 one bedroom and 4 two bedroom units. The property has been owned and operated by the vendor since 1972 with the accommodation maintained to a high standard. The annual income is approx. £75,000 Per Annum inclusive of meter income, provides a 9.4% yield.
Exchange: May Consider part exchange for house with cash adjustment.
LOCATION: On the Southerly frontage of Reads Ave immediately East of its junction Park Road close to the Town Centre.
ACCOMMODATION
Ground Floor: Communal entrance hall and stairs; Flat 1a: Lounge; Kitchen; Bedroom; Bathroom; Flat 1b: Lounge; Kitchen; Bedroom; Bathroom; Flat 1c: Lounge; Kitchen; Bedroom; Bathroom; Flat 1d: Lounge; Kitchen; Bedroom;
First Floor: Flat 2a: Lounge; Kitchen; 2 Bedrooms; Bathroom; Flat 2b: Lounge; Kitchen; Bedroom; Bathroom; Flat 2c: Lounge; Kitchen; Bedroom; Bathroom; Flat 2d: Lounge; Kitchen; 2 Bedroom; Bathroom.
Second Floor: Flat 3a: Lounge; Kitchen; Bedroom; Bathroom; Flat 3b: Lounge; Kitchen; Bedroom; Bathroom; Flat 3c: Lounge; Kitchen; Bedroom; Bathroom; Flat 3d: Lounge; Kitchen; 2 Bedrooms; Bathroom.
BUSINESS: The flats are let on a Shorthold Tenancy Agreement with rents ranging from £100-£125 a week with a rent total of approx £75,000 Per Annum inclusive or meter income.
SERVICES: All mains services connected, Gas Central Heating, Electric meters, Double Glazing, Telephone sockets and Telephone points to all flats
Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.
94/96 Reads Ave, Blackpool, FY1 4JJ
Tenure Type: Freehold
Private Living: No
Listed Features
- Double Glazing
- Heating
- Office
- Parking
- Multiple floors
- Lounge Area
- Kitchen
