Mixed Use Investment

Location This mixed use property occupies a prominent location within walking distance to Blackpool town Centre. Raikes parade is surrounded by dense residential area and local commerce. Description This beautiful period property comprises a first floor, tenanted, one bedroom flat currently generating £368pcm. The first floor flat is approximately 656 sqft. The ground floor which is currently vacant has previously been used as a chiropodist surgery and is understood to have D1 use. This would potentially allow the new owner to operate a range of health services including child care or education classes from the premises. The ground floor also has a basement perfect for conversion to provide extra work/living/utility space. Auction House have been informed that works have already started to refurbish the ground floor for the buyer to complete either to be used for D1 use, to be converted into another residential unit or converted into a single full family home. The ground floor previously generated £7200 pa. Externally there is parking for two cars and a low maintenance yard to the rear. The property has great development potential for a local tradesperson, family or developer. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

Freehold

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Blackpool Borough Council

Additional Fees

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.