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1-3A Dickson Rd 2,185 sq ft 100% Let Retail Property Blackpool FY1 2AX £650,000 (£297.48/sq ft) 11.38% Net Initial Yield
Investment Highlights
- Investment property comprising 3 retail units and 8 self-contained flats
- Located in Blackpool town centre
- Close to Blackpool North train station, the New Holiday Inn, town centre amenities and entertainments
- Substantial 3-storey property
- Situated in the heart of Blackpool’s regeneration area
Executive Summary
The property at 34 And 36 Queen Street, Blackpool, Lancashire, FY1 2AX is offered as an investment opportunity comprising 3 retail units and 8 self-contained flats. One retail unit is let at £11,000 per annum, one is vacant with an advertised rent of £10,500 per annum, and another is let at £6,000 per annum. The brochure states that 7 of the 8 self-contained flats are currently let, with total annual income of £73,939 when fully let. All flats are electric only, with individual supplies for the 6 flats at 3 Dickson Road and metro meters for the 2 flats at 36 Queen Street.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,185 sq ft
Costar Property Class
B
Year Built
1900
Price
£650,000
Price per sq ft
£297.48
Yield
11.38%
NOI
£73,970
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
0.30
Total Plot Size
0.17 ac
Frontage
78 ft on Dickson Road
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 16
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1-3A Dickson Rd
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