We have 8 x 2 bed apartments available on a small residential
development located in the centre of Blackpool. These investment properties were built in 2002 and issued with a 999 year lease which leaves 990 years remaining).
Service charges are relatively low on the development at just £250 per annum and ground rent is only £100 pa. The Blackpool buy to let properties are already managed by a local letting agent and the management contract can be transferred over to the new owners on completion.Each apartment includes one parking space and they are alreadytenanted so there is no risk of any rental voids on completion.
We have confirmed rental figures of approx £444 pcm which results in a gross yield of 8.8%. This will produce monthly positive cashflow of approx £244 pcm and the 25% discount secures you instant equity of £20,000 on completion.
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