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£525,000

Bank Hey Street, Blackpool, FY1

  • 0 beds
Flat
Under offer/SSTC

£525,000

  • 0 beds
Flat
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Estimate monthly mortgage payment:

£2,397 per month

Minimum deposit amount:

£26,250
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DESCRIPTION: Kenricks are pleased to offer this ideal development opportunity for sale. This substantial property is situated in a prime High Street Town Centre location in Blackpool.



This four storey building is stripped to the bare structure and fronts directly onto the pedestrianised Bank Hey Street.







We are informed there is planning consent for the creation of 3 new retail units at Ground Floor level, 6 x 2 bed and 1 x 1 bed flats over the 1st and 2nd floors.







4 Storey (including Basement) premises at circa 10,000sq ft







We are informed all asbestos has been removed with reoccupation report.







Exterior: Service yard to the rear.







VAT: VAT - This property is subject to VAT.







RATES: Pending final completion.







AGENTS NOTES: We are informed Planning Permission has been granted for external alterations to form 3 retail units (Class A1) at ground floor level and use of upper floors as 7 self-contained permanent flats. We understand from the Vendor that this investment could achieve a yield of over 12%.







**Plans available to view online at Blackpool.gov.uk - Blackpool Council Planning website. Planning Reference number 19/0438







TENURE: Freehold







VIEWING: By appointment through Kenricks 01253 420420.


Property Reference INV159L

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Stamp Duty tax
These figures are estimates and are provided for guidance only
£5,000
Mortgage and legal costs:
£999
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Property details

£525,000

flat for sale

Bank Hey Street, Blackpool, FY1

DESCRIPTION: Kenricks are pleased to offer this ideal development opportunity for sale. This substantial property is situated in a prime High Street Town Centre location in Blackpool.



This four storey building is stripped to the bare structure and fronts directly onto the pedestrianised Bank Hey Street.







We are informed there is planning consent for the creation of 3 new retail units at Ground Floor level, 6 x 2 bed and 1 x 1 bed flats over the 1st and 2nd floors.







4 Storey (including Basement) premises at circa 10,000sq ft







We are informed all asbestos has been removed with reoccupation report.







Exterior: Service yard to the rear.







VAT: VAT - This property is subject to VAT.







RATES: Pending final completion.







AGENTS NOTES: We are informed Planning Permission has been granted for external alterations to form 3 retail units (Class A1) at ground floor level and use of upper floors as 7 self-contained permanent flats. We understand from the Vendor that this investment could achieve a yield of over 12%.







**Plans available to view online at Blackpool.gov.uk - Blackpool Council Planning website. Planning Reference number 19/0438







TENURE: Freehold







VIEWING: By appointment through Kenricks 01253 420420.


Property Reference INV159L