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48 Whitegate Dr 790 sq ft Retail Property Blackpool FY3 9AL £198,000 (£250.63/sq ft) 9.70% Net Initial Yield
Investment Highlights
- Self-contained modern 3-bedroom maisonette
- Forecourt parking for 3 vehicles.
- Retail unit benefits from double glazing, electric heating and L2 fire alarm system
- Freehold mixed-use investment opportunity
- EPC Ratings B & C
- Residential accommodation benefits from double glazing and gas central heating
Executive Summary
This freehold mixed-use investment opportunity is being offered for sale via Secure Sale online auction with a starting bid of £198,000. The property comprises an established nail and beauty salon let to a long-term tenant at £650 per calendar month and a self-contained three-bedroom maisonette generating £950 per calendar month, producing a combined annual income of £19,200. The vendor advises that there is potential to increase the income to approximately £21,500 per annum through rental uplift. Located in a busy central Blackpool position on Whitegate Drive, the asset offers investors a diversified income stream from both commercial and residential occupiers, together with off-street parking and freehold ownership.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
790 sq ft
Costar Property Class
B
Year Built
1880
Price
£198,000
Price per sq ft
£250.63
Yield
9.70%
NOI
£19,200
Tenancy
Single
Number of Floors
3
Plot ratio
0.68
Total Plot Size
0.03 ac
Parking
3 Spaces (3.8 Spaces per 1,000 sq ft Leased)
Frontage
15 ft on Whitegate Drive
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Nearby Major Retailers
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48 Whitegate Dr
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