6 Bed Flat, Single Let, Blackpool, FY4 1DB, £120,000

Moore Street, Blackpool, Lancashire, FY4 1DB - 1 views - 18 days ago

Auction
BTL
ROI: 4%
~186 m²
+14 photos

Valuation

Sold Prices£57K - £65K
Sold Prices/m²£760/m² - £833/m²

 

 

Square Metres

~186 m²
Price/m²£645/m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£575 - £2,600

Rent Estimate

£650

Running Costs/mo

£525

Cashflow/mo

£125

Cashflow/yr

£1,500

ROI

4%

Gross Yield

7%

Local Sold Prices

2 sold prices from £57K to £65K, average is £61K.

PriceDateDistanceAddressBeds 
£65K11/210.94 mi59, Chapel Street, Blackpool FY1 5HF4
£57K04/221.32 mi13, Lincoln Road, Blackpool FY1 4HA4

Local Rents

30 rents from £575/mo to £2.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£75004/240.12 miWaterloo Road, Blackpool4
£65005/240.13 miShaw Road, Blackpool3
£70003/250.14 mi-5
£79504/250.15 mi-4
£90001/250.15 mi-3
£95005/240.16 miHaig Road, Blackpool, FY13
£95005/240.16 mi-3
£1,50003/250.17 mi-3
£99504/240.26 mi-3
£99504/240.26 mi-3
£1,00012/240.27 mi-3
£87504/240.28 miSt. Heliers Road, Blackpool4
£1,73302/250.31 mi-4
£1,20012/240.34 mi-3
£95002/250.34 mi-3
£1,73302/250.35 mi-3
£89502/250.36 mi-3
£97502/250.39 mi-4
£2,60012/240.41 mi-4
£2,60002/250.41 mi-4
£1,05001/240.46 mi-4
£57501/240.5 mi-3
£65011/240.51 mi-3
£75004/240.53 miJesmond Avenue, Blackpool, FY4 1EJ3
£75004/240.54 miQueensway, Blackpool3
£87011/240.55 mi-3
£75005/240.55 miRangeway Avenue, Blackpool3
£1,25004/240.58 miHudson Road, Blackpool, FY13
£1,25004/240.58 mi-3
£75001/250.6 mi-3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

2.14 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £120,000

March 24, 2025

Description

  • 6 Bedroom Serviced Accommodation - All En-Suite with Spa Facilities +
  • South Shore, Blackpool +
  • Close to Entertainments & Amenities +
  • Fully Operational Holiday Home & Spa +
  • Only One of its Kind with Fully-Fledged Spa Facilities +
  • Beautiful, Well Maintained Property +
  • Established Brand with Glowing Guest Reviews +
  • Proven Revenue with Steady Year-on-Year Growth Rate & High Occupancy Rates +
  • Discounted Price to Sell +
  • Viewing Highly Recommended +

FOR SALE BY AUCTION On behalf of Pattinson Auctions, Kenricks are delighted to offer this rare opportunity to purchase this stunning 6 bedroom serviced accommodation property with spa facilities for sale.

This substantial 3 storey property is situated in the heart of Blackpool's South Shore, with the Sandcastle and Pleasure Beach being within 10 minutes walk of the Venue and Blackpool's South Railway Station a short walk away.

This could be your chance to own a fully established boutique business opportunity as a great source of passive income which is currently being offered at a discounted price.
The current owners are relocating, and the business is perfect for individuals seeking to enter the luxury hospitality sector, offering clients a serene and upscale getaway experience.
The current owners are willing to provide a professional guided hand over to potential buyers of this turnkey business, with an established reputation and repeat clientele.

The property needs to be viewed to be fully appreciated.

Ground Floor
Impressive Hallway with chandelier lighting, leading to:
Open Plan Dining Room with Lounge Area.
The Lounge Area has 3 sofas and the Dining Room has stylish and contemporary décor with dining table, ghost chairs and feature exposed brick wall.
Stunning Fitted Kitchen comprising fitted wall and base units with granite island and hob and a range of equipment including 2 integrated dishwashers,
2 Siemens freezer, integrated fridge freezer, refrigerated wine fridge and coffee machine.
Utility Area.

Spa
Fabulous, tiled Spa Room with feature mood lighting.
Sauna.
Steam Room.
Body Jet Shower.
Toilet.

Lower Ground Floor - Private Accommodation
Master Bedroom - can be used as a Treatment Room.
Shower and Toilet.

First Floor
1 Family Suite comprising double bedroom, bedroom with single bed - En-Suite.
1 Family Bedroom comprising double bed and bunk-beds - En-Suite.
2 Double Bedrooms - both En-Suite.

Second Floor
1 Family Suite comprising double bedroom and twin bedroom - En-Suite.
1 Double Bedroom - En-Suite.

EXTERIOR; Small garden area to the front. Easily maintained covered courtyard area to the rear with decking and 6 seater hot tub.

AGENTS NOTES: The serviced accommodation is centrally heated and has double glazing. All letting bedrooms have TV's. L2 Fire System. CCTV
Sale subject to the fees, terms and conditions of Pattinson Auctions.

BUSINESS: We have been informed by our client there is a proven revenue and high occupancy rates with a 45% + ebitda margin, with extensive bookings for the year ahead. Accounts on application.

TENURE: Freehold

PRICE IS STARTING BID

VIEWING: By appointment through Kenricks .

Agent Details

Kenricks Commercial Estate Agents, Blackpool

01253 835721

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪