11 bedroom semi-detached for sale

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.92,100 annual income (Gross Rent Roll 47,100 p.a. fully let + Holiday Accommodation c.45,000 p.a.).

At the asking price of 875,000, this equates to a gross yield of approximately 10.5%.

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.45,000 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 Porritts investment in the towns 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 (18811896) and funded landmark development north of the pier. Owning this development means owning a slice of the resorts 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): 420450 m.
Nearest bus stops on Clifton Drive North: Beach Road & Ashton Gardens 150200 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:
Allocated off-road space for each apartment.

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 Annes.
1 Bedroom
One Bathroom
Council Tax Band A
EPC Band D
Currently Let at 700pcm
466.69 SqFt

Clifton Apartment
Celebrates the Clifton family, historic landowners of Lytham Hall whose estate made possible the development of St Annes.
2 Bedroom
One Bathroom
Council Tax Band A
EPC Band C
Currently Let at 825pcm
449.96 SqFt

Hargreaves Apartment
Recognises Elijah Hargreaves, a key investor in the St Annes on the Sea Land & Building Company that founded the town.
1 Bedroom
One Bathroom
Council Tax Band A
EPC Band E
Currently Vacant Estimated Rent of 700pcm
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 Annes.
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 Annes through the dedication of St Annes Chapel in 1873 in her name.
Currently in use as a Holiday Accommodation for up to 10 guests, generating income of approximately 45,000pa
4 Bedrooms
2 Bathrooms (Plus additional W.C)
Reception Room
Sun Room
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.