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Albert Road, Blackpool, Lancashire, FY1 - Image 1
Albert Road, Blackpool, Lancashire, FY1 - Image 2
Albert Road, Blackpool, Lancashire, FY1 - Image 3
Albert Road, Blackpool, Lancashire, FY1 - Image 4
Albert Road, Blackpool, Lancashire, FY1 - Image 5
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Albert Road, Blackpool, Lancashire, FY1 - Image 8
Albert Road, Blackpool, Lancashire, FY1 - Image 9
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Albert Road, Blackpool, Lancashire, FY1 - Image 11

Albert Road, Blackpool, Lancashire, FY1

North West

£450,000
Listed on 15/07/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive four-story hotel features 45 bedrooms and is located in a prime area along Albert Road, right in the bustling heart of Blackpool's Town Centre. The property benefits from a high footfall location, making it an appealing option for those looking to invest in the hospitality sector or to undertake a renovation project. While the hotel has not been operational for several years, this presents a unique opportunity for renovation and reimagining its potential. With a substantial footprint, the layout includes various guest accommodations—each equipped with en-suite facilities—ranging from family rooms to twin and single bedrooms, allowing flexibility for different types of visitors. The ground floor comprises essential amenities such as a reception area, office space, a bar lounge with an open-plan design and dancefloor, as well as several double and twin en-suite bedrooms. This floor plan lays the groundwork for re-establishing the hotel's operations while still providing ample room for modernization. The lower ground floor hosts a dining room complete with tiled flooring and bar area, along with kitchen facilities and utility spaces that can be upgraded to meet current standards. Additionally, there are storerooms that offer extra storage capacity or could be reconfigured for other uses. Private accommodation on-site includes living quarters featuring a lounge and two bedrooms accompanied by a bathroom, which could serve owners or staff alike. The upper floors are dedicated to guest rooms with diverse configurations ensuring catering to various market segments. Each room has en-suite facilities, enhancing comfort and privacy which are critical factors in attracting repeat customers. Externally, there is a small courtyard area at the front of the property that could be revitalized into an inviting outdoor space for guests. Although currently non-operational, this hotel possesses significant investment potential due to its location, structure, and room count. Prospective buyers should consider how their vision could transform this hotel into a thriving business once again. Viewing is available by appointment; interested parties will appreciate the chance to explore this promising opportunity firsthand.

Investment Analysis

(FY1 area)
Area Average
£105/sq ft
Avg Rent (weekly)
£151
Avg Yield
7.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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

Albert Road, Blackpool, Lancashire, FY1
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 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