Summary - 86A, CORONATION STREET FY1 4QE
1 bed 1 bath Commercial Property
Four flats and a shop with upside when the ground floor is let or refurbished..
- Freehold mixed-use building: shop plus four self-contained flats
- Potential gross rent c. £26,000pa when fully let
- Shop currently vacant; income £2,173 pcm from flats
- Rear yard with parking for one car
- Individual pre-paid meters for utilities
- Compact rooms and standard ceiling heights (Victorian terrace)
- Very high local crime and very deprived area
- Planning/permitted use: enquiries advised with council
A substantial mid-terraced mixed-use building in central Blackpool, offered freehold with one ground-floor retail unit and four self-contained flats above. The property sits on Coronation Street, immediately south of the main shopping area and close to public transport and local amenities, giving straightforward rental demand for low-cost city-centre housing.
Current income is c. £2,173 pcm from four occupied flats; the shop is vacant. Let in full the gross potential rental income is quoted at approximately £26,000 per annum. Flats have compact layouts with en-suite showers and a bay window feature on one unit that brings natural light; ceiling heights are standard for a Victorian terrace.
Practical details: rear yard provides parking for one car; services include electricity and water with individual pre-paid meters. Buyers should note planning/permitted-use enquiries must be made with Blackpool Council. The shop would need to be let or repurposed to realise full income potential.
Material negatives that affect value and management: the location is in a very deprived area with very high recorded crime levels, which may influence lettings, insurance and financing. The building will likely benefit from refurbishment and active management to maximise rents and minimise voids. Prospective purchasers should carry out full inspections and tenancy checks; no specific planning applications are confirmed.
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