Sold
Lancashire – Two Freehold blocks comprising 36 flats in total (20 unsold)
Poulton le-Fylde
Offers in excess of £2,000,000
- Property Type:
- Residential
- Sub Type:
- Block of Flats
- Tenure:
- Freehold
Description
- Freehold and Leasehold
- Comprising in total 36 self-contained flats and 3 additional ground rent interest
- Conveniently located in Poulton-le-Fylde
- Queensway Lodge – A freehold block of 24 flats
- 10 flats subject to ASTs (6 x two be and 4 x three bed)
- 14 flats sold on long leases
- The Orchards, Garden Close – A freehold block of 12 flats together with three pepperpotted ground rent interests situated outside the
block- 5 flats subject to ASTs (5 x two bed)
- 5 vacant two bed flats (four currently reserved)
- 2 flats sold on long leases
- 3 houses sold on long leases (pepperpotted units)
- Total AST rent receivable: £120,120 per annum
- Total ground rent receivable: £5,200 per annum
- Estimated AST rental value (fully let): £158,220 per annum
- Gross yield: 8.17% (based on ERV)