Project Description

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Pleasure Holiday Apartments

26 Withnell Rd, Blackpool

This freehold 3 storey is a middle terrace property containing 5 separate apartments. The property is in a prime location near the Promenade in the residential booming area of Blackpool. Situated on the quieter streets of the inner part of town, with easy access to various recreational amenities and public transport. The building possesses lovely bay windows and is constructed of natural stone. The gross external floor area is 265 square meters.

It is newly refurbished (completion end of April 2017) and has had modern kitchens and bathroom fittings installed. An overhaul of roof areas and gutters. Installation of new windows throughout the entire property. Electrical re-wiring of the entire property. An updated fire alarm system with Heath and Smoke detection to all floors and emergency lighting has been installed. Re-plastering of entire interior and new floor coverings have been included.

The property is self managed as short term holiday lets. The investment pulls in an annual EBITDA of circa £27,500.

PURCHASE DATE

10/03/2017

SALE PRICE

£132,750

REFURBISHMENT COST

£60,000

END VALUATION

£270,000

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