Clifton Drive North, St Annes, FY8 2PA

Investment Opportunity: A well-managed and maintained development in a prime St Annes location, comprising five rental apartments plus a substantial holiday let, generating c.£101,551 gross annual income (Gross Rent Roll £44,100 p.a. fully let + Gross Holiday Accommodation c.£57,451 p.a.).

At the asking price of £815000, this equates to a gross yield of approximately 12.5%.

In addition to the five assured shorthold tenancy apartments, the property includes the Bentinck Residence, currently used as a holiday let accommodating up to 10 guests and generating c.£57,451 per annum-offering investors strong mixed-use income diversification.

Just moments from Ashton Park, St Annes Promenade and the town centre sits a distinguished Poritt House, one of the stone-built villas and apartments developed along St Annes' North Promenade for the Victorian/Edwardian middle classes identifiable by the diamond marking to the roof. This property has been lovingly maintained and is a hallmark example of William John Porritt's investment in the town's early growth.

Porritt Houses are locally recognised for their quality stonework and period character, built by industrialist William John Porritt, who chaired the St Annes Land & Building Company (1881-1896) and funded landmark development north of the pier. Owning this development means owning a slice of the resort's early architectural story.

The Property Comprising five rental apartments, each set within the historic Poritt House as well as additional more private annexe building which would suit use as either owners accommodation or an Air BnB, in line with the current usage.

Location Highlights (approx. straight-line distances) - Promenade/seafront: ~100 m. - Ashton Gardens (town park): ~100 m - High Street (St Annes Square): ~420-450 m. - Nearest bus stops on Clifton Drive North: Beach Road & Ashton Gardens ~150-200 m. Services below. Distances are approximate as-the-crow-flies from FY8 2PA. Bus routes listed are current services calling at the named stops; frequencies and routings can vary by day/time.

Buses & Connectivity - Nearby stops on Clifton Drive North (Beach Road / Ashton Gardens) are served by: Blackpool Transport 11 / 11A / 11B (St Annes ↔ Blackpool ↔ Lytham) and Stagecoach 68 (Blackpool ↔ Warton ↔ Preston). - Additional services operate from St Annes Square (incl. 68/76/78).

Parking: There is an on-site car park to the side of the property. This is comprised of 6 designated parking spaces and one garage parking space making 7 parking spaces in total. The 6 spaces are designated as one for each of the 5 long term flats and one for the holiday let. The garage is attached to the holiday let and is currently used as storage space.

Gardens: Landscaped communal gardens frame the property with a stone arch leading from the front lawned area though to the rear parking area.

Property Composition:

Ansdell Apartment Named after artist Richard Ansdell, whose legacy is remembered in the district of Ansdell after he lived and painted locally. 2 Bedroom One Bathroom Council Tax Band A EPC Band D Currently Let at £750pcm 604.14 SqFt

Ashton Apartment Honours Lord Ashton, the philanthropist who gifted the nearby Ashton Gardens to the people of St Anne's. 1 Bedroom One Bathroom Council Tax Band A EPC Band D Currently Let at £750pcm 466.69 SqFt

Clifton Apartment Celebrates the Clifton family, historic landowners of Lytham Hall whose estate made possible the development of St Anne's. 2 Bedroom One Bathroom Council Tax Band A EPC Band C Currently Let at £800pcm 449.96 SqFt

Hargreaves Apartment Recognises Elijah Hargreaves, a key investor in the St Anne's on the Sea Land & Building Company that founded the town. 1 Bedroom One Bathroom Council Tax Band A EPC Band E Currently Let at rent of £650pcm 458.53 SqFt

Poritt Apartment Named for William John Porritt, a woollen manufacturer and major backer of the Land & Building Company, whose funds drove early building in St Anne's. 1 Bedroom One Bathroom Council Tax Band A EPC Band E Currently Let at £725pcm 510.25 SqFt

Basement: There is an additional basement area which is currently used for provision of utilities within the building and for landlord storage.

Bentinck Residence Named in honour of Lady Anne Bentinck, whose memory lives on in St Anne's through the dedication of St Anne's Chapel in 1873 in her name. Currently in use as a Holiday Accommodation for up to 10 guests, generating income of approximately £57,451pa 4 Bedrooms 2 Bathrooms (Plus additional W.C) Reception Room Conservatory Dining Room Additional Storage Room/Integrated Garage. Council Tax Band EPC Band E 1973 SqFt

Please contact Martin & Co for further details on this property.

Virtual Tours are available for online viewings.