Properties

Investment Opportunity – Prime Mixed-Use Commercial & Residential Property Near Pleasure Beach, Blackpool with an Attractive Gross Yield of Nearly 12% Located just 250 yards from both Blackpool Pleasure Beach and the sandy shores, this impressive mixed-use property offers a steady income stream and further potential for value growth. Property Highlights: Prime Location: Just a short walk (250 yards) from Pleasure Beach Resort and the beach, attracting both local and tourist traffic. Reliable Commercial Tenants: Four retail units with long-term tenants (6–25 years) on 6-year leases. - Takeaway: £670 per month (£8,040 p.a.) - Café: £1,000 per month (£12,000 p.a.) - Dry Cleaners: £1,457 per month (£17,500 p.a.) - Cleaning Company: £850 per month (£10,200 p.a.) Total Commercial Rent Income: £47,740 p.a. Residential Investment - New South Pier Apartments: Newly Renovated High-Spec Apartments: Completed to a high standard and fully rented by a Service Accommodation (SA) provider on a 5-year lease at £69,840 p.a. Apartment Layout: 6 x 2-bed, 1 x 1-bed, 1 x 3-bed units Additional Amenities: Games room, cinema room, and gym Total Residential Rent Income: £69,840 p.a. Further Potential: Office Space: Four large office spaces currently vacant, offering potential to increase income with new leases. Financial Summary: Total Annual Income: £117,580 p.a. Management: Commercial units managed directly by the landlord with Full Repairing and Insuring (FRI) leases in place, apartments managed by the SA provider. This property represents a unique investment opportunity with steady income, further potential for value addition, and a prime location near key Blackpool attractions. Don’t miss out on this exceptional opportunity! To secure your appointment for an exclusive viewing or to learn more, please contact Crests Estates today.