COVID-19 – Important Auction Information
For Sale By Auction | 13:00, 19 November 2020

Gems Diner, 1-3 Foxhall Square, Blackpool, Lancashire, FY1 5BJ

*Guide | £87,000 (plus fees)

  • Cafe
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 19/11/2020

Auction Time

13:00

Auction Venue

Online Auction Online Auction,

Part Tenanted Café With 2 Self-Contained 2 Bed Flats – Producing £18,000 pa- ERV when complete & fully let – £24,000 pa

MAIN DESCRIPTION Substantial three storey property briefly comprising ground floor (and basement) café together with two self-contained 2 bed flats on the upper floors one of which requires completing. The café and 1st floor flat is currently let by way of license agreement until March 2021 at £18,000 pa.The 2nd floor flat requires completion works and is currently vacant. When complete and fully let the rental income could increase to £24,000 pa Internally the accommodation briefly comprises:- Ground Floor – Café with 80 covers plus ancillary Basement – storage and prep areas Ladies & Gents WC in rear yard First Floor – (fitted with gas central heating) Front open plan lounge/dining kitchen Utility room Bed 1 (double) Bed 2 (triple) Rear Bathroom Second Floor – (requires completing) Front open plan lounge/dining kitchen Bed 1 Bed 2 Rear Bathroom The upper floor flats are both separately metered with access from external metal stairs from rear yard. Prominently located just off The Promenade with views of the sea and Tower from upper floors.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Blackpool Borough Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.