Flat for sale in Blackpool FY2, 1 Bedroom

Blackpool, Blackpool, UK

Quick Summary

Property Type:
Flat
Status:
For sale
Price
£ 59,999
Beds:
1
County
Lancashire
Town
Blackpool
Outcode
FY2
Location
10-12 Queens Promenade, Blackpool, Lancashire FY2
Marketed By:
Property and Invest
Posted
2024-04-03
FY2 Rating:





More Info?
Please contact Property and Invest on 020 8115 8144 or Request Details

Property Description

This Hotel is situated on Blackpool Promenade with stunning views of the coastline. Majestic Hotels will offer accommodation & training facilities for English Language, and Catering & Hospitality students as well as accommodating family, friends and tourists. With an investment entry level of £44,950, the opportunity here is to earn a total roi of 110% over 10 years, whilst making a socially responsible and ethical investment.

Investors receive immediate, quarterly income with no ongoing costs. Secured exits are offered to sell at any time on the open market or sell back to the developer at year 5, or at year 10 and receive an additional 10% uplift.

Blackpool is the only British beach resort with three fabulous piers that have funfairs, amusements and other entertainments. Recently awarded its first ever Blue Flag, the Blackpool coastline is on par with other world-renowned sites. It was also voted the second best beach in the world, after Dubai, by the Daily Mail.

Investment:
Assured rental income of 10% of the purchase price per year. This is net of any expenses and you will not be charged any ongoing costs. This rental return is guaranteed for 10 years.

Exit Strategy:
Assured Buy Back Option at end of year 5 & year 10 at 100% & 110% of your purchase price or you can sell on the open market at any time.

How can I buy it?
This property is a cash buy purchase. Once you have decided on which apartment you would like, you will need to reserve this. It will then go to your solicitor ready to exchange contracts. Once you have completed on the purchase, you will own the title of the leasehold and will start receiving your rental returns immediatly.

Property Location

Marketed by Property and Invest


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Disclaimer Property descriptions and related information displayed on this page are marketing materials provided by Property and Invest. estateagents365.uk does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Property and Invest for full details and further information.