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9 Bed Flat, Cash/Bridging Only, Blackpool, FY1 2BZ £38,950

Manhattan, 27 Cocker Street, Blackpool, FY1 2BZ - 8 views - 3 years ago
  1. Deal Search
  2. Blackpool
  3. FY1
  4. FY1 2BZ
Leasehold
B2SA
ROI: 57%
~279 m²
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ValuationUndervalued

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Links

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Property History

Listed for £38,950

October 25, 2022

Description

  • Leasehold 9 e/s bedroom Hotel +
  • Located to the North of Blackpool centre close to the Promenade, Blackpool North train station and the town centre with all the shops and bars +
  • 9 en suite letting bedrooms decorated and furnished to a high standard +
  • Private accommodation provides lounge; bedroom and bathroom +
  • Excellent online reviews with 9.3 on Booking.com and 5 stat TripAdvisor +
  • Owners retiring having operated since 2010 +
  • New lease at a rent of £10,000 pa. +
  • Viewing recommended +

A well maintained and well presented leasehold hotel located to the North of Blackpool centre close to the promenade, Blackpool North train station and the town centre with all the shops and bars. 9 en suite letting bedrooms decorated and furnished to a high standard with tv?s, tea/coffee making facilities, double glazing and hair dryers. Private accommodation provides lounge; bedroom and bathroom. Excellent online reviews with 9.3 on Booking.com and 5 stat TripAdvisor. Viewing recommended. Owners retiring having operated since 2010. New lease at a rent of £10,000 pa.

LOCATION
On Cocker Street which runs off the Promenade and cuts across Lord Street to the East. Close to Blackpool North Train station and immediately north of the Town Centre.

GROUND FLOOR
Lounge; breakfast room & bar lounge; kitchen; store & utility; Private Accommodation: Lounge; bedroom; bathroom; utility room.

FIRST FLOOR
4 en suite bedrooms (3 x double, 1 x family); store.

EXTERIOR
5 en suite bedrooms (4 x double, 1 x single).

BUSINESS
The business is trading on a B & B basis with the vendors confirming the turnover in the region of £45/50,000. Good regular customer base.

SERVICES
All mains services connected.

TENURE
Leasehold. The existing lease was a 5 year lease term that expired in 2014 from which point the tenants have been holding over. New lease at a rent of £10,000 pa.

Agent Details

Kays Peake Properties Ltd, Blackpool

01255 442053

Next Steps?

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

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Links

  • More Deals in Blackpool
  • More Deals in FY1
  • More B2SA Deals
  • More B2SA Deals in Blackpool
  • More B2SA Deals in FY1

Cashflows

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