Summary - FLAT A, 242-248, LYTHAM ROAD FY1 6EX
6 bed 1 bath Commercial Property
**Standout Features:**
- **Location:** Central Blackpool, high foot traffic area year-round
- **Investment Opportunity:** 3 ground floor retail units and 3 occupied 2-bedroom flats
- **Income Potential:** Currently generating £26,928 annually, with room for growth
- **Structure:** Substantial 2-storey corner property with additional basement storage
- **Parking:** Off-street parking available
**Overview:**
This impressive investment property located in the heart of Blackpool offers a mix of commercial and residential income potential. Featuring three ground floor retail units—two of which are currently leased as thriving cafes—this corner property invites a variety of business opportunities. The third retail unit is vacant, providing immediate potential for further income generation. Above, three 2-bedroom flats, all under Shorthold Tenancy Agreements, enhance the earning capacity with steady rental income.
Though situated in a vibrant area with excellent foot traffic and amenities, buyers should note that the property is sold as-is and may require some renovation or updating to maximize its income potential. The building benefits from off-street parking and a private roof terrace, providing added value for tenants and customers alike. With a starting bid set at £180,000 and an auction sale format, this property represents a rare opportunity for savvy investors in the bustling town of Blackpool. Viewing is highly recommended as properties with such potential tend to go quickly!
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