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£240,000

Adelaide Street, Blackpool, FY1

  • 41 beds
Other

£240,000

  • 41 beds
Other
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Estimate monthly mortgage payment:

£1,096 per month

Minimum deposit amount:

£12,000
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OneDome - Properties for sale and to rent

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Introducing a fantastic opportunity to invest in a substantial 41-bedroom trading hotel nestled in the vibrant heart of Blackpool. This hotel showcases a fantastic tenanted investment chance with a potential yield estimated at an impressive c. 12%.

Situated centrally, this property positions itself within a coveted locale, affording convenient access to an eclectic array of attractions. The renowned Blackpool Tower, charming promenade, prestigious Winter Gardens, and bustling town centre are all within effortless walking distance. Immerse yourself in the lively ambience of Blackpool with an abundance of dining venues, bars, and retail shops awaiting just a stone's throw away.

Offering a secure investment proposition, this property presents the opportunity to acquire the freehold as a tenanted investment, ensuring peace of mind with 7 years remaining on the current lease agreement.

The hotel boasts 39 guest bedrooms, each appointed with private en-suite facilities to ensure maximum comfort and convenience for visitors.

Welcoming guests upon arrival, the hotel offers a spacious guest reception area and a refined dining room catering to the needs of the clientele. To the lower ground you will find a fully equipped kitchen, additional dining area and access to the private living quarters comprising a kitchen, lounge/diner, bathroom, and two bedrooms, providing a retreat for the proprietor or management personnel.

To add to the practicality of the premises, staff parking is conveniently located to the rear of the property, ensuring ease of access for employees and enhancing the overall operational efficiency of the hotel.

Don't miss this exceptional chance to invest in a hospitality venture in one of Blackpool's most sought-after locations. Whether you are a seasoned investor looking to expand your portfolio or an aspiring entrepreneur seeking a lucrative opportunity, this property promises a rewarding venture with a promising return on investment. Embrace the potential of this impressive hotel and secure your future in the thriving hospitality industry.

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£1,096 per month
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Mortgage and legal costs:
£999
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