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Block of apartments for sale
218-220 Promenade & 1-7 Cocker Square, Blackpool, FY1 1RU
£420,000
218-220 Promenade & 1-7 Cocker Square, Blackpool, FY1 1RU
£420,000
Our Summary
- May offer future development potential to apartments subject to planning permission
- Current rental income £49,160 per annum with potential uplift to £50,730 in 2026/27
Description
This substantial corner property on the Promenade in Blackpool is a mixed investment opportunity, currently arranged as six commercial businesses, all let and generating rental income of approximately £50,000 per annum. The property is situated in a prominent position, just 200 meters from the Town Centre and North Pier, and offers potential for future development into apartments, subject to planning permission. The businesses on site include a hotel, retail units, a guest house, and a cafe, with a range of tenants holding over or on short-term leases. The property provides a gross return of 12.5%, with potential for uplift in 2026/27. With its central location and diverse income streams, this property presents a unique investment opportunity for those looking to capitalize on Blackpool's tourist trade.