Turnkey income with parking and long-term tenants in busy Bispham.
Substantial three-storey corner mixed-use property
A substantial three-storey corner investment in Bispham, Blackpool, combining two ground-floor retail units and three self-contained flats. The property is newly renovated, double-glazed and gas-heated, with separate utilities and individual combi boilers for each unit, producing a current income of £38,520 pa. Forecourt parking for eight cars and a shared enclosed yard add practical tenant appeal.
All units are tenanted on commercial leases and assured shorthold tenancies, with long-standing occupants occupying the retail and residential spaces. The landlord currently pays electricity (apartments have coin-operated electric meters) while tenants cover gas; an L2 fire alarm system is installed. The building is offered with a starting auction bid of £375,000 and is described as in immaculate order throughout.
Key investment considerations: reliable, year-round trading location with fast broadband and excellent mobile signal, but the property sits in a deprived area and will be sold at auction. Prospective buyers should review tenancy agreements, utility billing arrangements and any auction fees before bidding. Viewing is recommended to assess layout and ongoing management requirements.