Summary - Chiltern House, 181 Bristol Avenue, Bispham, Blackpool, FY2 0PF FY2 0PF
1 bed 1 bath Land
Income-producing office with huge adjacent development plot, freehold available.
Approx £73,500 pa current rental income from three tenants
A substantial three-storey office investment with strong immediate income and a large adjacent development plot. The building produces £73,500 per annum from three separate tenants and includes lift access, communal areas and parking for approximately 60 cars. The rectangular grassed plot of about 0.3 acres (approx. 24m x 52m) offers commercial development potential (STPP) in an established business estate north of Blackpool.
The property is currently held on long leasehold with the freehold available from Blackpool Council, creating flexibility for an owner-occupier or investor seeking to acquire the freehold. Lease terms include service charge provisions; several leases contain tenant break clauses in 2025 and 2028 and rent reviews in 2027–2028, so income stability should be reviewed carefully.
Practical benefits include large floor plates (3,180–3,738 sq ft per floor), lift-served upper floors, on-site parking and easy access to the M55 and local business amenities. However, the wider area is classified as very deprived with above-average crime statistics and slow broadband speeds, which may affect tenant mix and future rental growth.
This opportunity suits buyers targeting income plus development upside, but prospective purchasers should factor in tenant break options, the current ground leasehold arrangement, planning requirements for the land, and local socio-economic challenges. A full legal, lease and planning review is recommended before proceeding.
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