HOLIDAY LETS IN BLACKPOOL
Conversion of mixed use building into 2 serviced accommodation apartments in Blackpool
Located on Lytham Road, close to the Promenade, Piers and Bloomfield Road football ground.
OVERVIEW
Conversion of a mixed-use building into two serviced apartments in a great location in Blackpool, near to the promenade, football ground, Pleasure Beach and Blackpool Tower.
THE NUMBERS
Purchase price: £53,000
Refurbishment: £137,000
End valuation: £240,000
Expected Gross Rental income: £4900 pcm (based on 50% occupancy)
Expected net cash flow: £2,450 pcm (based on 50% costs)
THE AREA
The property is located in the centre of Blackpool’s tourist district, a stones-throw from the Bloomfield Road and the Manchester pub on the Promenade which is popular with visitors and stag and hen parties.