7-bedroom flat · FY8 1JF
For saleListed 319 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** EXCELLENT INVESTMENT OPPORTUNITY – 4 FLATS, LARGE COMMERCIAL SHOP WITH BASEMENT, PLUS FURTHER DEVELOPMENT POTENTIAL (STPP).......Call Unique Estate Agency today *** Welcome to Alexandra Drive, a highly attractive mixed-use investment opportunity set in a sought-after location close to the sea front.
The property comprises a substantial ground-floor commercial unit, currently trading as a convenience store, which also benefits from a large basement, offering excellent storage or future development potential.
Above and alongside the commercial space are four self contained flats: one spacious 2-bedroom apartment and three 1-bedroom apartments, all generating strong rental demand due to the superb location.
The property also includes additional land to the side, presenting significant scope for further expansion.
Subject to the relevant planning permissions, this space offers potential for: • A new commercial unit with two flats above, or • Up to three additional residential flats.
A garage with forecourt parking further enhances the property and may also be suitable for redevelopment (STPP).
We are advised that the current rental and commercial income is approximately £38,000 per annum, with an anticipated uplift to around £45,000 per annum through rental optimisation.
There remains even greater potential to increase returns if the extension and development opportunities are realised *** Call Unique Estate agency for more information ***
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Alexandria Drive, Lytham St. Annes, FY8
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