Hamilton Court

Investment Summary

An excellent opportunity to acquire a tenanted, income-generating one-bedroom apartment in a well-established residential development in Blackpool. Positioned on the third floor, this property is being sold with a tenant in situ, providing immediate and consistent rental income from day one.

Key Investment Highlights

• Asking Price: £80,000
• Current Rental Income: £560 PCM / £6,720 per annum
• Gross Yield: 8.40%
• Tenant in Situ: Fully up to date with no arrears
• Lease Term: Approx. 970 years remaining
• Service Charge: £960 per annum
• Ground Rent: £60 per annum

The Opportunity

This property represents a strong, high-yielding investment with income in place from day one. With a reliable tenant already occupying the property and a long lease in place, it offers a straightforward, hands-off addition to any portfolio.

Ideal for investors seeking:

• Immediate rental income
• Strong yield performance
• Minimal management requirements
• A turnkey investment opportunity

Financial Overview

• Annual Rental Income: £6,720
• Less Service Charge & Ground Rent: £1,020
• Net Income: £5,700 per annum
• Net Yield: 7.13%
• Gross Yield: 8.40%

Location

Hamilton Court is located in a central area of Blackpool, offering easy access to local amenities, transport links, and the seafront. The location continues to attract steady tenant demand, making it a reliable rental hotspot.

Tenancy Details

The property is being sold with a tenant in situ currently paying £560 PCM. The tenant is fully up to date with payments and has no arrears, ensuring a seamless transition for the new owner.

Why Invest?

• High Yielding Asset: Attractive 8.40% gross return
• Immediate Cash Flow: Income from completion
• Secure Tenancy: Reliable, paying tenant in place
• Long Lease: Approx. 970 years remaining
• Turnkey Investment: No additional setup required