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)