2 bedroom property for sale
Key information
Property description & features
- Tenure: Freehold
- 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).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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Property reference 433999. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson - Commercial.
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Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Energy Performance data and Internal floor area: obtained on May 22, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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