5 bed detached house for sale

St. Andrews Road South, Lytham St. Annes, Lancashire FY8

**block of 4 flats **

This ready-made investment opportunity offers a block of four flats, all fully occupied, located in the highly sought-after area of St. Andrews Road South, just a stone’s throw from St. Annes Town Centre and the beautiful seafront. The property is a prime investment, with a mix of residential flats and tenants already in place, generating a steady rental income.

The block comprises one two-bedroom ground-floor flat and three one-bedroom flats across two additional floors. All the flats are currently let, providing an immediate return for any potential investor. The building has recently been fully rewired, ensuring compliance with the latest electrical regulations and providing peace of mind to future owners.

Upon entering, the communal entrance and hallway lead to the various flats, each of which has been well-maintained and features its own unique layout.

Ground Floor:
Flat 1 is a spacious two-bedroom flat, offering a generous living area with a large bay window to the front elevation, allowing plenty of natural light to flood the room. The flat also boasts two good-sized bedrooms, a modern bathroom, and access to a rear garden. This flat is currently generating £650 per calendar month and is in a 6-month tenancy agreement. The flat holds an EPC Rating of D, demonstrating reasonable energy efficiency.

First Floor:
Flat 2 is an open-plan one-bedroom flat featuring a combined lounge and kitchen space, creating a versatile and sociable living area. The flat has a separate bedroom and a three-piece shower room. With an EPC Rating of E, this flat is currently generating £400 per month and the tenant is on a periodic tenancy agreement.

Flat 3, also located on the first floor, offers a comfortable living room and a separate fitted kitchen. The bedroom is a good size, and the flat also benefits from a shower room. This flat has an EPC Rating of D and is currently rented out at £525 per month under a 6-month tenancy.

Second Floor:
Flat 4 is a well-presented one-bedroom flat with a living room and a fitted kitchen. The bedroom features an en-suite shower room, adding a touch of privacy and convenience. This flat has an EPC Rating of E and is rented for £425 per month, with the tenant currently on a 6-month tenancy agreement.

The property benefits from its proximity to St. Annes Square, which offers a wide range of local shops, restaurants, and other amenities, as well as being within easy reach of public transport links. The seafront is just a short walk away, adding to the appeal of this location for both tenants and potential future owners.

Externally, the property is an end-terrace, offering a slightly more private aspect compared to neighbouring properties. The rear garden provides additional outdoor space for tenants to enjoy, adding to the overall attractiveness of the flats.

Investment Highlights:

- One, two-bedroom flat and three, one-bedroom flats, providing a diverse rental income stream.
- EPC ratings ranging from D to E, demonstrating decent energy efficiency.
- Current rental income: £650pcm (Ground Floor), £400pcm (Flat 2), £525pcm (Flat 3), £425pcm (Flat 4).
- No onward chain, allowing for a smooth transaction.

Offered with no onward chain, this block of flats presents an excellent opportunity for any investor looking to expand their portfolio or enter the property market with a fully operational and income-generating asset. Early viewing is highly recommended to appreciate the potential of this property.