Leisure facility for sale

Rooms

Location
The property is situated on the busy all year-round trading location Lytham Road, Blackpool, being close to Blackpool Town Centre, Promenade and amenities.

Accommodation
Ground Floor Main Entrance leading to Reception Room (Approx.109 sq. ft.) with feature counter, laminate flooring, and suspended ceiling with concealed lighting, leading to: 3 x Treatment Rooms (Approx. 66 sq. ft. each) with concealed lighting and laminate flooring. Second Entrance to staircase which leads to the flat. Separate Ground Floor Street Entrance leading to: Hallway and Staircase. Flat - First Floor Double Bedroom. Bathroom with 3-Piece Suite comprising Shower, Toilet and Sink. Lounge. Fitted Kitchen with laminate flooring. Second Floor 2 x Double Bedrooms with vaulted ceilings. EXTERIOR; Forecourt Trading Area. On Street Parking.

Agent notes
The property has electric heating and is protected by roller shutters.

Tenure
Long Leasehold, title numbers LAN288970 and LAN303285

Business
We have been informed that the massage parlour and flat are both currently let to the same tenant on a 5-year lease agreement with 2 years remaining at a rent of £950 per calendar month. We are informed there is a ground rent applicable of £1000 per annum for the retail unit and £500 per annum for the residential accommodation.

EPC
Available upon request, Rating E.

Rateable Value
Current rateable value (1 April 2023 to present) £5,300 Sourced from VOA

Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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.

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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.