Tiger Sales & Lettings says ..

Property Oracle says ..

This property presents a unique investment opportunity, consisting of a combined two-bedroom flat and ground floor retail unit on Central Drive, Blackpool. The upper flat exhibits a modern and well-maintained interior following what appears to be full renovation. The rooms are bright and the flooring and fixtures seem recently installed. The bathroom is similarly updated and presents a modern aesthetic. However, the ground-floor retail unit shows a drastically different picture. It is significantly underdeveloped and in need of extensive refurbishment or a complete fit-out. The images reveal exposed wires, unfinished walls and floors, and general disarray. The property is located on a bustling high street which is advantageous for retail. Blackpool’s central location on the Lancashire coast makes it accessible by train. The area has a number of local schools within walking distance. However, Blackpool as a whole has varied desirability depending on the specific area. While the renovated flat portion seems relatively well-priced when taking into account only its condition and the nearby similar properties, the incomplete retail space introduces considerable risk and uncertainty. The overall value proposition hinges on the successful completion and rental or sale of the retail unit. A thorough survey should be done to assess any structural issues or hidden problems and a detailed business plan for the retail unit would also be essential for prospective buyers to gauge the potential ROI. Overall, it’s an interesting proposition with potential but also significant risk and financial commitment.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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