Overview
Freehold 10-unit apartment block in Lytham St Anne’s town centre, FY8. Converted period building comprising 7 one-bedroom and 3 two-bedroom self-contained apartments. Fully tenanted, producing £59,700 p.a. gross. Strong coastal location with consistent rental demand. Asking £682,500.
The Numbers
Asking Price: £682,500 | Gross Annual Income: £59,700 | Gross Yield: 8.74% | Units: 10 (7× 1-bed, 3× 2-bed) | Tenure: Freehold | Status: Fully tenanted | Broken-Up Value (individual units): ~£972,000
The Deal
Pricing 30%+ below broken-up value provides a clear capital margin if units are sold off individually over time. 8.74% gross yield across 10 self-contained units — diversified income, low single-tenant exposure. Freehold block — full control, no freeholder complications, no ground rent. Lytham St Anne’s town centre location with rental demand from professionals and retirees. Mix of 1-bed and 2-bed units provides flexibility across tenant demographics.
Investment Pack
Pack includes the full rent roll, AST copies, building survey, broken-up valuation file, and a five-year cash-flow model. Sent same-day on request.