No longer on the market
This property is no longer on the market
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Property
Key information
Features and description
- Mixed use investment property
- Ground floor retail unit (vacant)
- 4x flats above let for £19,632 per annum
- Substantial 3 storey property
- All year round trading location
- Forecourt included
- Freehold title
We are pleased to offer to auction this Substantial 3 Storey Property comprises of an Empty Retail Unit & 4 Permanent Flats. 2 Self Contained & 2 Not Self Contained.
The property is situated in the all year-round trading location of Lytham Road Blackpool, being close to shops and amenities.
All the flats are currently let, the shop is vacant and used by our instructed client.
The property is need of some attention which is reflected in the asking price.
Viewing Recommended.
Please note we have not inspected this property.
Rooms
Location
The subject property is situated on Lytham Road in South Shore, Blackpool. The area is a large mix of commercial and residential properties with an extremely high level of footfall and traffic and is a short walk to the promenade. Blackpool is located 9.6 miles south of Fleetwood, 17 miles west of Preston and 50 miles northwest of Manchester.
Accommodation
62 Lytham Road - Retail Unit
Ground Floor approx.1028 sq. ft.
Open Plan Retail Area with suspended ceiling leading to
Rear Retail Unit
Storeroom
Lower Ground Floor
Cellar Area
64 Lytham Road
Ground Floor
Main Communal Entrance leading to
Hallway
First Floor
Flat 1 (Not Self - Contained)
Lounge / Kitchen
Bedroom
Separate Bathroom
Flat 2 ( Self- Contained)
Lounge / Bedroom
Fitted Kitchen
Bedroom
Shower and Toilet.
Leading to Balcony
Second Floor
Flat 3 (Self - Contained)
Lounge / Kitchen
Bedroom
Bathroom
Flat 4 (Not Self - Contained)
Lounge / Kitchen
Separate Bedroom
Separate Bathroom.
EXTERIOR: Forecourt
Lease Details
We are informed that when the flats are fully let the property draws approximately £1,636 pcm.
Tenure
Freehold. Title number LA419847.
Rateable Value
The current rateable value is £5,700 (1 April 2023 to present).
Sourced from VOA.
EPC
Available upon request (rating C).
Agent Notes
All flats have Electric Metres. The Retail Unit is protected by Electric Shutters.
Sales subject to the fees, terms and conditions of Pattinson Auctions.
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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