Property Details: - Type: Block of apartments - Bedrooms: 14 - Bathrooms: 9
Agent: Keller Williams Oxygen - Home Counties Phone: 01628 246815
### Excellent Central Location<br/><br/>The property occupies a *convenient and well-connected central Blackpool location, within easy reach of the *town centre, local college, public transport links and a wide range of everyday amenities*.<br/><br/>Its central position provides convenient access to *shops, services, education and transport connections*, making the location particularly well suited to residential rental accommodation.<br/><br/>### Current Accommodation<br/><br/>The property currently comprises *9 self-contained flats*, consisting of:<br/><br/>* *2 × three-bedroom flats*<br/>* *1 × two-bedroom flat*<br/>* *2 × one-bedroom flats*<br/>* *1 × large studio flat*<br/>* *3 × smaller studio flats*<br/><br/>### Rental Income<br/><br/>The property currently produces a *gross rental income of approximately £53,500 per annum*.<br/><br/>The existing rental levels have remained unchanged for some time and therefore present an opportunity for rental growth, with an *estimated gross income of approximately £60,000 per annum achievable from the existing nine units*.<br/><br/>### Significant Development Potential – Potential for 12 Flats<br/><br/>One of the property's most attractive features is its unusual configuration.<br/><br/>Although the property is *detached, the building is effectively arranged as *two adjoining sides/wings, similar in layout to a pair of semi-detached properties*.<br/><br/>One side currently accommodates *7 flats, while the other side contains *2 flats*.<br/><br/>Subject to obtaining all necessary planning, building regulation and other relevant consents, there is “Significant development potential to reconfigure the existing two-flat side into up to five self-contained flats.”<br/><br/>This could potentially increase the accommodation from the existing *9 flats to approximately 12 flats*, offering substantial scope for an investor to increase both the rental income and overall capital value of the property.
