Park Road, Blackpool, FY1

### Excellent Central Location The property occupies a *convenient and well-connected central Blackpool location, within easy reach of the **town centre, local college, public transport links and a wide range of everyday amenities*. Its central position provides convenient access to *shops, services, education and transport connections*, making the location particularly well suited to residential rental accommodation. ### Current Accommodation The property currently comprises *9 self-contained flats*, consisting of: * *2 × three-bedroom flats* * *1 × two-bedroom flat* * *2 × one-bedroom flats* * *1 × large studio flat* * *3 × smaller studio flats* ### Rental Income The property currently produces a *gross rental income of approximately £53,500 per annum*. The existing rental levels have remained unchanged for some time and therefore present an opportunity for rental growth, with an *estimated gross income of approximately £60,000 per annum achievable from the existing nine units*. ### Significant Development Potential – Potential for 12 Flats One of the property's most attractive features is its unusual configuration. Although the property is *detached, the building is effectively arranged as **two adjoining sides/wings, similar in layout to a pair of semi-detached properties*. One side currently accommodates *7 flats, while the other side contains **2 flats*. Subject to obtaining all necessary planning, building regulation and other relevant consents, there is “Significant development potential to reconfigure the existing two-flat side into up to five self-contained flats.” This could potentially increase the accommodation from the existing *9 flats to approximately 12 flats*, offering substantial scope for an investor to increase both the rental income and overall capital value of the property.