For Sale by Auction on 26th March 2026
Two adjoining, three storey properties of traditional construction. These properties comprises x2 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 invetor 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
Accommodation
No 23A - Retail - 43.75 sq m (466 sq ft)
No 25A - Retail - 31.40 sq m (338 sq ft)
No 23 Flat 1 - 2 bedrooms, reception / kitchen, bathroom / wc - ground floor - 75 sq m (807 sq ft)
No 23 Flat 2 - 2 bedrooms, reception / kitchen, bathroom / wc - mid floor - 104 sq m (1,119 sq ft)
No 23 Flat 3 - 2 bedrooms, reception / kitchen, bathroom / wc - mid floor - 75 sq m (807 sq ft)
No 23 Flat 4 - 2 bedrooms, reception / kitchen, bathroom / wc - top floor - 49 sq m (527 sq ft)
No 23 Flat 5 - 2 bedrooms, reception / kitchen, bathroom / wc - top floor - 42 sq m (452 sq ft)
No 25 Flat 1 - 2 bedrooms, reception / kitchen, bathroom / wc - ground floor - 75 sq m (807 sq ft)
No 25 Flat 2 - 2 bedrooms, reception / kitchen, bathroom / wc - mid floor - 104 sq m (1,119 sq ft)
No 25 Flat 3 - 2 bedrooms, reception / kitchen, bathroom / wc - mid floor - 75 sq m (807sq ft)
No 25 Flat 4 - 2 bedrooms, reception / kitchen, bathroom / wc - top floor - 37 sq m (398 sq ft)
No 25 Flat 5 - 2 bedrooms, reception / kitchen, bathroom / wc - top floor - 37 sq m (398 sq ft)
Total - 673 sq m (7244 sq ft)
Terms
Tenure - Freehold
Guide Price - £295,000
Specification
- 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 pa per annum - REVERSIONARY