Project Description

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Bridle Lodge Apartments

91 Withnell Rd, Blackpool

The property comprises a substantial, three storey building which has been both converted and significantly extended to provide for six holiday apartments. The property is situated within walking distance of Blackpool Promenade, all holiday amenities and Lytham Road with its local shopping and public transport services to the east. Pleasure Beach Amusement Park is just 5min away and the beach is 4 min walk away. Free WiFi is provided throughout the property and free private parking is available on site.

The property is self managed as short term holiday lets. The initial operation of holiday lets generally requires some type of improvements or maintenance, and Bridle Lodge Apartments was no exception. Some of the improvements included new fire doors, key boxes, new paint job, and changing the basement apartment into a utility and storage facility. It took just over 1 year of operation, but now all startup costs have been redeemed. We are now running on a cash positive surplus.

PURCHASE DATE

14/06/2019

SALE PRICE

£225,000

REFURBISHMENT COST

£0

END VALUATION

£225,000

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