No longer on the market
This property is no longer on the market
Map2 bedroom property
Key information
Features and description
- Substantial 3 storey, 4 floor property
- Portfolio of 5x self-contained apartments
- Plus lock up/garage
- Annual income of £21,164
- In lovely order throughout
- Freehold title
Available for auction is this substantial 3 storey, four floor corner property, comprising 5x permanent flats (1x 2 bed and 4x 1 bed) plus lock up/garage. The property is situated in the all year-round trading location of Lytham Road Blackpool, being close to shops and amenities. The flats are in very good order throughout, which is reflected in the long-standing tenants, 4 out of 5 of which are let on short hold tenancy agreements and generating an annual income of £21,164, with potential to increase to £26,000+pa once fully let. All flats have electric meters. The property is central heated and is double glazed. Viewing recommended.
Please note we have not inspected this property.
Rooms
Location
The property is ideally located on Lytham Road, South Shore. Blackpool South Promenade is just a short walk away along Station Road opposite the property, and near to Waterloo Road shopping area.
On a very good bus route to St Annes and Lytham, and also Blackpool town centre and Victoria Hospital, Blackpool South train station is just a short 6 minute walk away.
Accommodation
GROUND FLOOR
Main communal entrance leading to hallway.
Flat 1:
Fabulous lounge area with wood effect flooring, high ceiling, and bay window.
Open plan dining room leading to fitted kitchen.
Bedroom with fitted robes.
Bathroom comprising 4-piece suite.
LOWER GROUND FLOOR
Cellar area with storage.
FIRST FLOOR
Flat 2:
Lounge leading to:
Fitted kitchen
Bedroom
Shower and toilet.
Flat 3:
Lounge
Fitted kitchen
Bedroom 1
Bedroom 2
Shower and toilet.
SECOND FLOOR
Flat 4:
Lounge leading to:
Fitted kitchen
Double bedroom
Shower and toilet.
Flat 5:
Lounge with feature fireplace
Fitted kitchen
Double bedroom
Shower and toilet.
EXTERNAL
Car park to the front, providing car parking for 3 motor vehicles.
Small garden area to the side of the property, for the use of Flat 1.
Enclosed yard area at the rear of property with lock up garage, which is ...
Lease Details
We are advised the flats are let at the below rents:
Flat 1: £117
Flat 2: currently vacant
Flat 3: £433.33pcm
Flat 4: £95pw
Flat 5: £95pw
This totals an annual income of £21,163.96. Please refer to the legal pack for full tenancy information.
Tenure
Freehold. Title number LA701077.
Council Tax
Band A.
EPC
Available upon request (ratings D, C, D, C and D).
About this agent
