Block of apartments for sale

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Block of apartments for sale

218-220 Promenade & 1-7 Cocker Square, Blackpool, FY1 1RU
£500,000

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 comprising six commercial businesses that generate a rental income of around £50,000 per annum. The property is situated in a prominent location, just 200 meters from the town center and North Pier, and offers potential for future development into apartments, subject to planning permission. The businesses, which include a hotel, retail units, and a cafe, are all let and provide a 10% gross return. The property's tenants have a good track record, with some holding over for multiple years, and the rental income has the potential to increase in the future. With its prime location and diverse range of tenants, this property presents a solid investment opportunity for those looking to generate a steady income.