No longer on the market
This property is no longer on the market
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Property
Key information
Features and description
- Substantial 3 storey property
- Portfolio of 4x self-contained apartments
- Excellent investment opportunity
- Annual income of £23,136
- Recently refurbished
- Car parking for 3 motor vehicles
- Freehold title
We are pleased to offer to auction these 4 self-contained flats for sale. This mid-terraced 3 storey property is situated in central Blackpool, being close to town centre and amenities. We are informed the property has undergone an extensive refurbishment throughout. The property is currently let, drawing an annual income of £23,136 per annum. Electric meters are in the basement. The property is double glazed. Viewing recommended.
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Park Road, Blackpool. The property is well located by being a short distance from the Central Pier and the North Pier. The property is located close to local amenities such as the Houndshill Shopping Centre and close to transport links with the closest bus stop being a minutes walk. Blackpool north train station is a 10 minute walk away from the property. The subject property is located 17 miles west of Preston and 59 miles north of Liverpool.
Accommodation
GROUND FLOOR
Communal entrance leading to:
Hallway.
LOWER GROUND FLOOR
Basement.
Flat 1:
Lounge
Fitted kitchen
Bedroom
Office/workspace
Bathroom comprising 3 piece suite with shower over bath.
Flat 2:
Lounge/fitted kitchen
Bedroom
Shower and toilet.
FIRST FLOOR
Flat 3:
Lounge
Fitted Kitchen
Bedroom 1
Bedroom 2 with en-suite
Bathroom comprising 3 piece suite with shower over bath.
SECOND FLOOR
Flat 4:
Lounge
Fitted kitchen
Bedroom 1
Bedroom 2
Bathroom comprising 3 piece suite with shower over bath.
EXTERNAL
Car park to the front providing parking for 2 motor vehicles. Yard to the rear.
Business
We are informed that when let, the flats generate the following rents:
Flat 1 draws £411.66 per calendar month
Flat 2 draws £433 per calendar month
Flat 3 draws £563.33 per calendar month
Flat 4 draws £520 per calendar month
This totals an annual income of £23,136. Please refer to the legal pack for further tenancy information.
Tenure
Freehold. Title number LA962023.
Council Tax
All flats are band A.
EPC
We are currently awaiting copies of the Energy Performance Certificates for flats 1, 2 and 3.
Flat 4 available upon request (rating 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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