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Commercial Property/Development – Blackpool – £549,995 PRICE REDUCED

Purchase Price Reduced now from £599,995 to  £549,995. The property is a 3-storey operating commercial investment with long term tenants occupying the upstairs and ground floor units on IRI leases. The upper floors are currently occupied as a hotel, however, there is planning permission to convert the uppers to 6 serviced apartments. The current rental

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LAND DEAL previously sold, but now available following COVID cash flow issues – £750 000

GDV £5 790 000 Location: Blackpool 34 New Build Apartments 11 x 1 Bedroom Apartments 22 x 2 Bedroom Apartments 1 x 3 Bedroom Penthouse HEADLINE FACTS: Develop to Sell: Profit £1 782 139 Return (GDV): 30.78% Return (Cost): 44.47% Develop and Refinance: Surplus: £45 139 Income: £237 000 Return (GDV): Infinite Return (Cost): Infinite

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