Summary - 228 Church Street, BLACKPOOL FY1 3PX
1 bed 1 bath Commercial Property
Freehold Victorian shop with let 1-bed flat and strong gross yield potential..
Mid-terraced Victorian mixed-use building on main arterial route
Ground-floor shop/office approx 35 sqm; vacant on completion
Separate rear access to self-contained 1-bed flat (let at £430pcm)
Shop has estimated rental potential £400pcm; currently converted from flat
Freehold with mains services and gas central heating
Upper flat and some areas need renovation and redecoration
Located in a very deprived area with very high crime rate
Small plot with only a modest rear yard
This mixed-use Victorian mid-terrace offers a straightforward freehold investment on a main arterial route into Blackpool town centre. The ground-floor shop/office (approx 35 sqm) will be handed back as commercial accommodation on completion; a self-contained one-bedroom flat at first-floor level is currently let, producing immediate income.
Income profile is simple and transparent: the flat is let at £430pcm and the vacant shop has an estimated rental potential of £400pcm, giving combined potential income of £830pcm (£9,960pa). At the asking price this produces a gross yield of about 11.1% before costs—attractive for investors prepared to manage a hands-on asset in an urban location.
Buyer should be aware of material area and property-specific negatives. The property sits in a very deprived area with a very high crime rate; that will influence tenant demand and may require active management or security measures. The upper flat and parts of the building require renovation and redecoration, and the plot is small with a modest rear yard only.
Practical features include freehold tenure, mains services and gas central heating. The shop is versatile for a variety of uses once reinstated as commercial space. This is a value-driven opportunity for a landlord or small investor able to accept location-related risks and undertake basic refurbishment works.
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