6 bedroom block of apartments

Mid terraced block of 6 student apartments + Each apartment let on an assured shorthold tenancy + All bills are included as is typical for student accommodation + A mid terraced block of 6 student apartments situated close to Blackpool & The Fylde College University Centre. Arranged internally as 6 en-suite units with superbly appointed recreation/common areas including; fitted kitchen with Edwardian style upvc roof; common lounge/office; TV room; utility/washing and drying room and forecourt parking. Each apartment is let on an assured shorthold tenancy and includes all bills as is typical for student accommodation. LOCATION Palatine Road, Blackpool. GROUND FLOOR Shared entrance leading to the hallway; communal workspace/office; superbly styled communal kitchen with UPVC Edwardian style ceiling, fitted units, worktops, five ring gas hob, 2 ovens and extraction fan; TV lounge; utility space with washer/dryer. Room 1 with en-suite. FIRST FLOOR Room 2, Room 3 – Each with en-suite SECOND FLOOR Room 4, Room 5 – each with en-suite THIRD FLOOR Dormer – Room 6 – with en suite EXTERIOR Front parking; Rear concrete yard BUSINESS We are advised each apartment is let at £390.00 pcm. Landlord pays all bills as student accommodation. 5 of 6 Units occupied at the time of inspection. We are advised HMO certification is presently being renewed. SERVICES Gas, Electric & Water. Council Tax Band: C. EPC ‘D’ until 2034. Surface water flooding is sometimes known as flash flooding – It happens when rainwater cannot drain away through normal drainage systems. This property has no history of flooding in the last 5 years. This property is in an area listed as having a high risk of surface water flooding which means more than 3.3% chance of a flood each year in that general location. TENURE Freehold.

Details

Bedrooms
6

Purchase Price £
159000

ROI %
20.00

Cashflow(PCM) £
749