£699,950
*** AWARD WINNING PROPERTY, EXCEPTIONAL INVESTMENT OPPORTUNITY, EXCLUSIVE LOCATION ON CLIFTON DRIVE SOUTH, 5 RENOVATED SELF CONTAINED FLATS, BASEMENT AND 2 x DOUBLE GARAGES.... This property offers a 'turn key' investment opportunity. The property currently has a mixture of holiday lets and long term tenants ***
Exceptional opportunity, offering 10% yield against the current asking price. The property also offers scope to increase this yield with the current business configuration.
Welcome to Clifton Drive South, located on a prestigious road close to the sea front and St. Annes Town Centre. The property has recently been renovated and offers 3 'brand new' flats, they have been modernised to a high standard throughout. The other 2 flats are very well presented too and are currently let on AST tenancy agreements. In addition to the flats, there is a full basement and 2 x double garages to the rear. One of these double garages is currently let at £80PCM.
Each flat within the property is self contained, with their own council tax. All the properties within, fully comply with the relevant legislation; electrical gas and fire alarm systems.
Ground Floor - Front door opens on to communal entrance. To the left is a left 1 bedroom ground floor flat, the room sizes are excellent and there are a lot of original features - current let out at £635PCM.
First Floor Front - Well proportioned 1 bedroom first floor flat with viewings down Clifton Drive, the sea front is also visible. Currently let at £625PCM.
First Floor Rear - Fully renovated first floor flat, lovely modern kitchen and shower room. Award winning holiday home, currently let out on a holiday let basis. Excellent potential income.
Top floor Penthouse - A simply exceptional 3 bedroom flat, which has been fully renovated to a excellent standard, lounge diner, modern kitchen, 3 bedrooms, modern bathroom, the sea front is visible. Award winning holiday home, currently let out on a holiday let basis. Excellent potential income. This property was listed at £1100PCM on a rental basis.
Ground Floor Flat Rear - Self contained garden floor flat with its own entrance hall. Fully renovated throughout, lounge diner, kitchen, shower room, bedroom. Award winning holiday home, currently let out on a holiday let basis. Excellent potential income.
Basement - Self contained basement, plumbed for washers.
2 x double garages.
Externally the property offers large communal gardens to the front.
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Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
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Unique Estate Agency Ltd St Annes 46 Wood St, Lytham Saint Annes FY8 1QG | 01253 543202 | stannes@uniquesales.co.uk
Unique Estate Agency 88 Lord Street, Fleetwood, FY7 6JZ | 01253 543201 | fleetwood@uniquesales.co.uk
44 Poulton Street, Kirkham, PR4 2AH | 01772 319349 | kirkham@uniquesales.co.uk