5 bedroom block of apartments for sale

TO BE SOLD BY ONLINE AUCTION ON 26TH MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS.50 GRASMERE ROAD, BLACKPOOL, FY1 5PQ.This tenanted property has been converted into five self-contained, individually metered one-bedroom studio flats, generating an impressive annual rental income of £20,000. An ideal opportunity for buy-to-let landlords or investors looking for a high-yield, hassle-free addition to their portfolio.Rental Income Breakdown:Flat 1: £368.33 per monthFlat 2: £300 every 4 weeksFlat 3: £300 every 4 weeksFlat 4: £368.33 per monthFlat 5: £320 per monthEach flat is let on a periodic Assured Shorthold Tenancy and has been professionally managed and well-maintained by a reputable letting agency for the past 12 years.*PHOTOS AND VIRTUAL TOUR COMING SOON*With a strong rental yield and a proven track record of consistent income, this property represents a superb investment opportunity for those seeking long-term returns.Located on Grasmere Road in Blackpool, this property offers excellent access to local amenities, transport links, and popular attractions. Blackpool Tower, Central Pier, and the Promenade are all within easy reach, while nearby shops, restaurants, and entertainment venues enhance the area's vibrant atmosphere. Well-served by public transport, including Blackpool South and North railway stations, this prime location makes the property highly desirable for tenants, ensuring strong rental demand and consistent occupancy.