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Parisienne Hotel, 240-244 North Promenade, Blackpool, Lancashire, FY1 1RZ - Image 1
Parisienne Hotel, 240-244 North Promenade, Blackpool, Lancashire, FY1 1RZ - Image 2
Parisienne Hotel, 240-244 North Promenade, Blackpool, Lancashire, FY1 1RZ - Image 3

Parisienne Hotel, 240-244 North Promenade, Blackpool, Lancashire, FY1 1RZ

North West

£475,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
5687 sqft

Description

This property features a significant 62-bedroom hotel situated within a five-storey building along the North Shore of Blackpool, enjoying an enviable beachfront location. Currently non-operational, the hotel presents a rare opportunity for renovation and redevelopment, allowing potential investors to reimagine the space in line with contemporary hospitality trends. The property has been vacant for several years, indicating that extensive refurbishment is necessary. This condition is reflected in the competitive pricing, making it an attractive prospect for those looking to invest in a large-scale project. The absence of trading accounts suggests that buyers can take a fresh approach without any legacy issues impacting their plans. In terms of amenities, there is a small parking area at the front accommodating four vehicles, which can enhance guest convenience. The rear of the property includes a modest yard space that could be utilized for various purposes during renovations or as part of strategic upgrades. Located in a prominent area with high foot traffic and proximity to local attractions, this property not only promises considerable renovation potential but also benefits from the ongoing demand in North Shore. With the right vision and investment, this hotel could become a valuable asset within Blackpool's hospitality market.

Investment Analysis

(FY1 area)

Below Market Value

This property is priced -20.3% below area average per sq ft

-20.3%
Potential saving
This Property
£84/sq ft
Area Average
£105/sq ft
Avg Rent (weekly)
£151
Avg Yield
7.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,500,000
Target Value
£655,285
10% above area average per sq ft
Potential ROI
-78.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (FY1)

Area prices are rising by +4.5% over the last 12 months
3 year growth: -2.8%
5 year growth: 16.4%
Investment Disclaimer: Analysis based on FY1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Parisienne Hotel, 240-244 North Promenade, Blackpool, Lancashire, FY1 1RZ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE