St Andrew's House - Lytham St Anne'sAddress: 133 St Andrew's Road, Lytham Saint Annes, FY8 1YBDiscover an exceptional investment opportunity at St Andrew's House, located in the highly sought-after tourist hotspot of Lytham St Anne's. This development offers five one-bedroom apartments that cater to both long-term and short-term rental markets, making it a prime choice for savvy investors.Exceptional Investment Opportunity in Lytham St Anne'sWelcome to St Andrew's House, a prime investment opportunity in the heart of Lytham St Anne's-a location known for its stunning coastline, prestigious golf courses, and vibrant town life. Whether you're a seasoned investor or new to the market, this development offers a unique chance to secure high rental returns in an area with unparalleled demand for quality accommodation. With properties ranging from 90,000 to 105,000, and a location that promises both long-term growth and immediate income potential, St Andrew's House is the perfect addition to any investment portfolio.Investment Highlights:* Prices: From 90,000 to 105,000* Type: 1-Bedroom Apartments* Lease: 999-Year Lease with Share of Freehold* Service Charge: Estimated at 1.50 per sqft* Ground Rent: None* Parking: 1 parking space per apartment, with additional visitor spaces* Completion Time: 4 months from legal completion* Purchase Option: Cash purchase onlyLocation Benefits:* Proximity to Royal Lytham & St Anne's Golf Club: Just a 5-minute walk from the world-renowned golf club, famous for hosting the UK Open.* Beach Access: A short 10-minute stroll to the beach.* Town Centre: Less than 5 minutes on foot to the vibrant town centre, packed with amenities.* Tourism Appeal: The area is in high demand, with strong short-term let potential, especially during local festivals where nightly rates have reached up to 176.Rental Potential:* Short-Term Lets: Lease allows short-term lets, with estimated nightly rates at 70.* Net Yields: Achieve up to 12% NET yields.Enquire now to receive to following:* Development Brochure* Availability* Short Term Let Projections* Images* Floor PlanTenure: Leasehold (999 years)Ground Rent: 0 per year
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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