3 bed end terrace house for sale

Hornby Road, Blackpool FY1

Hornby Road, Blackpool

Yieldit are delighted to offer to the market this exciting opportunity for investors perfectly situated on one of the main routes into Blackpool, a stone’s throw from the promenade and all popular attractions. Available with vacant possession this property can generate a remarkable yield with scope to dramatically increase this lucrative return further by running as a short term let which there is significant demand for throughout the year in this area.

The property is a freehold end of terrace which on one half consists of a wonderfully presented three-bedroom duplex apartment with its own entrance, spacious terrace, beautiful bright lounge, modern fully fitted kitchen and family bathroom with three-piece suite. The ground floor of the property is a vast commercial unit with two reception rooms, a utility and four toilet cubicles which is expected to achieve a rent in the region of £500pcm. To the front of the premises is a driveway providing off road parking.

Blackpool is a great location for property investment, famous for its world-class attractions and sandy beaches it’s one of the biggest visitor destinations in the UK with ambitious development plans underway worth £300million will create even more attractions including new hotels, restaurants, apartments and entertainment venues. It is anticipated that the plans will attract 600,000 additional visitors a year with a combined annual spend of £75m and create new employment opportunities which will increase the demand for rental properties such as this one. Don't miss out on this opportunity to invest in a fantastic property in a brilliant location and enquire today!

Financial Breakdown

Gross Rent: £16,200.00
Net income: £16,200.00
Gross yield: 11.17%
Net yield: 11.17%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08025