Summary - 32 COOP STREET BLACKPOOL FY1 5AJ
2 bed 1 bath Ground Flat
Freehold block purchase with income; sold at auction, tenants in place.
Tenants in situ producing £850 pcm
An investment-led ground-floor flat in Blackpool town centre, offered with tenants in situ and immediate rental income of £850 pcm. The sale transfers freehold of the three-flat building to the buyer; leases for Flats 2 and 3 (125 years) and service charge arrangements are included. The building benefits from a 10-year new-build structural warranty and a flat roof guarantee.
The flat is compact (approximately 536 sq ft) with an open-plan lounge/kitchen/diner, two bedrooms, one bathroom and a shared rear garden. It is fully furnished and currently let, so the purchase is straightforward for a hands-off landlord or portfolio buyer. EPC rating D and double glazing are noted; main heating is by electric room heaters.
Material considerations: the location is in a very deprived area with very high crime statistics, and the neighbourhood is classified as constrained. Broadband speeds are average and the property relies on electric heating. The lot is sold at auction (starting bid shown), with tenants in place and auction terms applying — buyers must factor auction fees, immediate landlord responsibilities and the recorded service charge and ground rents.
This is a short-form, income-producing opportunity suited to investors seeking a town-centre, freehold acquisition where refurbishment or re-letting upside could be pursued, but risk factors tied to local area deprivation and rental market should be weighed before bidding.
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