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2 bedroom property for sale

23-25 Chapel Street, Lancashire, FY1 5AW
Auction
Recently added
Property
2 beds
Added < 7 days

Key information

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BroadbandSuper-fast 80Mbps *

Features and description

  • Two adjoining mid terrace freehold buildings with separate entrance
  • X10 self-contained two bedroom flats - Eight let on ASTs and two vacant plus shop
  • Suit investors
  • Asset management opportunities ERV when fully let will be approximately £60,000 per annum
  • Double glazing
  • Small rear yard
  • Currently producing £45,240 per annum (part vacant)

Two adjoining, three storey properties of traditional construction. The properties comprise two retail units on the ground floor with x10 self-contained two-bedroom flats above. The shop at No.23A has been sold off on a long lease - refer to the legal pack. No.25A is included in the freehold and is now vacant. Eight of the ten flats are currently occupied on various AST's and are currently producing £45,240 pa. The property is reversionary so offers an exciting opportunity to an investor to asset manage.


Location:

Located on the west side of Blackpool, Chapel Street links the town centre with Blackpool Promenade, the property being directly situated between Singleton Street and Coop Street . Preston is approximately 15 miles east connected by the M55. Blackpool North station is less than 2 miles away. Shopping amenities are a very short walk to the Town Centre. Recreation facilities can be found at Stanley Park.

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Area statistics

Crime score
High crime
10/10

About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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