Summary - 7, VANCE ROAD FY1 4QD
1 bed 1 bath Hotel
Freehold investment with current tenancy and refurbishment potential.
10-bedroom Victorian mid-terrace hotel over three storeys
A central Blackpool opportunity offered as freehold with a tenanted 10-bedroom hotel producing £12,000 per annum. The property is a Victorian mid-terrace with high ceilings, large rooms and bay windows over three storeys — clear potential for refurbishment or repositioning once the lease ends. The sale price of £149,950 equates to a gross income yield of roughly 8% on the current passing rent.
The property is let on a Full Repairing & Insuring lease running from 15/03/2024 to 14/03/2030 within the Landlord and Tenant Act 1954. The short remaining lease term is the primary material drawback: many mortgage lenders are likely to refuse lending against this asset while only six years remain. The business is not for sale and continues to trade independently of this freehold investment.
Location is central Blackpool, on Vance Road between Central Drive and Coronation Street, with the proposed £300m Blackpool Central Leisure development nearby. Practical details: all mains services connected, no flood risk, excellent mobile signal and average broadband speeds. Buyers should note the area records very high crime and very high deprivation, which affects operating risk and guest markets.
This property will suit investors who can acquire in cash or with specialist financing, and who are prepared for landlord responsibilities and future refurbishment. It also suits buyers looking to hold a central leisure asset until re-letting or redevelopment once the lease expires, but careful due diligence on funding and operating risks is essential.
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9 bedroom hotel for sale in Manhattan, 27 Cocker Street, Blackpool, FY1 2BZ, FY1 — £38,950 • 9 bed • 1 bath
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