£220,000
Flat
Coral Boutique, Palatine Road, Blackpool, FY1
First listed on: 15th March 2024
Nearest stations:
- Blackpool North (0.7 mi)
- Blackpool South (1.1 mi)
- Layton (1.7 mi)
- Blackpool Pleasure Beach (1.8 mi)
- Squires Gate (2.4 mi)
Interested?
Call: See phone number 01253 420420
Property Description
Tenure: Freehold
This substantial 3-storey property is situated in the popular all year-round trading location of Palatine Road, in Central Blackpool being close to entertainment, the new redevelopment centre and promenade.
These beautifully appointed luxury holiday apartments have recently undergone extensive refurbishment throughout, and already benefit from having strong bookings.
This property is a turnkey investment. This gives you the option of having a hands-off investment that you can operate from anywhere in the world.
The business operates year-round with a policy of a minimum 2-night stay, achieving ?300 per booking. Pro rata bookings on average of ?45,000 per annum with current occupancy of only 27%.
There is massive potential for growth with this business with net returns expected to be in the region of 12-14%
These beautiful boutique holiday apartments offer a wow factor and are sold fully furnished with all appliances, furniture and future bookings included in the sale.
Viewing Highly Recommended.
Ground Floor
Main Entrance leading to Communal Hallway.
Apartment 1 (Approx: 603 sq ft)
Lounge with Feature Fireplace.
Hallway leading to:
Fitted Kitchen and Dining Room.
Bathroom comprising of 3-Piece Suite
with Shower over Bath.
Master Bedroom.
Bedroom with Bunk Beds.
Storage Room.
Cleaning Cupboard.
First Floor
Apartment 2 (Approx: 527 sq ft)
Hallway leading to:
Open Plan Lounge / Fitted Kitchen / Dining Room.
Bathroom comprising 3-Piece suite with Shower over Bath.
Master Bedroom.
Single Bedroom.
Apartment 3 (Approx: 624 sq ft)
Internal Staircase leading to Second Floor.
Open Plan Lounge / Diner / Fitted Kitchen.
Bathroom comprising of 3-Piece Suite
with Shower over Bath.
Master Bedroom.
Double Bedroom.
EXTERIOR; Small Garden area to the front of the property, Yard area to the rear.
AGENTS NOTES: The property is Double Glazed and has Electric Heating throughout, there is no gas on the premises.
Sale subject to the fees, terms and conditions of Pattinson Auctions.
BUSINESS: Accounts on Application.
TENURE: Freehold.
PRICE IS A STARTING BID
VIEWING: By appointment through Kenricks 01253 420420.
Property Reference 00F110M
Shared Ownership: No
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Property Location
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Price History
Listed prices are those submitted to us and may not reflect the actual selling price of this property.
| Date | History Details |
|---|---|
| 24/04/2024 | Property listed at £220,000 |
| 17/04/2024 | Property listed at £250,000 |
| 16/03/2024 | Property listed at £270,000 |
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