Summary - Reads Court Reads Court Reads Court 1/5 Reads Avenue, Blackpool, FY1 4BW FY1 4BW
1 bed 1 bath Commercial Property
Immediate £50,000pa income from FR&I leases; short-lease asset near proposed leisure scheme.
Mixed-use Victorian block: holiday flats, self-contained flat, coffee shop and house
A multi-unit Victorian block in central Blackpool offered as an investment opportunity with existing income. The portfolio comprises a mix of holiday apartments, a self-contained flat, a coffee shop and ancillary commercial uses, all currently let on Full Repairing & Insuring (FR&I) leases producing a combined rent of £50,000 per annum. The building sits adjacent to the town centre and the proposed Blackpool Central Leisure development, which could support future leisure and tourist demand.
The accommodation mix and town-centre location make this suitable for an investor seeking immediate rental income and short-term asset management upside. Tenancies are in place on short FR&I terms (noted 3-year lease commencing 05/11/2024 for units 1, 3, 5 and 7), so there is potential to relet or reconfigure as leases expire. Broadband and mobile connectivity are strong, supporting lettings to tourists, students or short-stay visitors.
Material considerations are significant and must be assessed: the area is classified as very deprived with very high local crime levels, and the tenure is recorded as unknown. The block is traditional Victorian fabric requiring ongoing maintenance; unit condition and servicing reviews will be necessary. This is a small-plot, multi-use property where active management and careful tenant selection will be important to protect income and capital values.
This opportunity is aimed at investors who understand the local market dynamics and are comfortable with a hands-on management approach. The location close to proposed leisure redevelopment and the town centre offers potential demand drivers, but the social and safety challenges in the immediate area are real factors when underwriting future rental growth and exit strategies.
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