Summary - 218-220 Promenade & 1-7 Cocker Square, Blackpool, FY1 1RU FY1 1RU
1 bed 1 bath Block of Apartments
**Standout Features:**
- Large mixed-use commercial property with freehold status
- Corner location with 6 commercial units generating approximately £50,000 annual rental income
- Excellent gross return of 12.5%
- Potential for future development into residential apartments (subject to planning permission)
- Off-street parking available
- Prime position near North Pier and local amenities
**Summary:**
Discover a prime opportunity with this substantial Victorian commercial property located on the bustling Promenade. Comprised of six leased commercial units, this investment currently yields around £49,160 per annum, with potential income growth to £50,730 by 2026. The elegant bay windows and traditional façade hint at the property’s historical charm, while its prominent corner position boosts visibility in a high-traffic area just 200 meters from North Pier and the Town Centre.
Despite its attractive income-generating capabilities, it is essential to note that the surrounding area is categorized as very high crime and experiencing significant deprivation, which could influence your investment strategy. Still, the property’s excellent mobile signal and fast broadband speeds provide modern conveniences that appeal to both businesses and potential future residents.
Don’t miss this exceptional blend of commercial viability and residential development potential—secure your place in this cosmopolitan neighborhood today!
Commercial property for sale in Promenade, Blackpool, Lancashire, FY1 — £420,000 • 1 bed • 1 bath • 425 ft²
9 bedroom apartment for sale in Dickson Road, Blackpool, FY1 — £420,000 • 9 bed • 6 bath • 2489 ft²
Commercial property for sale in 65 Dickson Road, Blackpool, FY1 2BX, FY1 — £189,000 • 1 bed • 1 bath • 936 ft²
Commercial property for sale in 168/174 Promenade & 1/11 Springfield Road, Blackpool, FY1 1RE, FY1 — £995,000 • 1 bed • 1 bath • 14000 ft²
Commercial property for sale in 25 Wellington Road, Blackpool, Lancashire FY1 6AR, FY1 — £120,000 • 1 bed • 1 bath
Block of apartments for sale in 8 Cocker Street, Blackpool, FY1 1SF, FY1 — £230,000 • 1 bed • 1 bath
