10 bedroom shared living/flatmate for sale

Overview

Yieldit are delighted to offer to the market this exciting opportunity for investors perfectly situated a stone's throw from Blackpool's popular promenade and a wide range of attractions. The properties enviable position makes it an attractive prospect for investors looking to generate incredibly high returns on short term lets with nightly rates in the region of £100 in peak season with significant demand throughout the year for this kind of accommodation. This substantial freehold property is available with vacant possession and is already set up as a fully operational B&B meaning the new owner can hit the ground running. Internally, the property consists of entrance hallway; two reception rooms; bar; kitchen; 10 ensuite bedrooms for various sized parties (which can accommodate up to 20 guests utility room. Blackpool is a great location for property investment, famous for its world-class attractions and sandy beaches it's one of the biggest visitor destinations in the UK with ambitious development plans underway worth £300million will create even more attractions including new hotels, restaurants, apartments and entertainment venues. It is anticipated that the plans will attract 600,000 additional visitors a year with a combined annual spend of £75m and create new employment opportunities which will increase the demand for rental properties such as this one. Don't miss out on this opportunity to invest in a fantastic property in a brilliant location and enquire today! **Please note, indicative yields are based upon illustrative figures the property being ran as B&B in 2017/2018.**Financial BreakdownGross Rent: £40,000.00Net income: £40,000.00Gross yield: 22.22%Net yield: 22.22%Please contact agent for full financial breakdown.IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.yieldit ref: YL-07700 For more details and to contact: https://realtyww.info/rooms_1_blackpool-d196419/for-sale_i70178094

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