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Residential Investment Opportunity Generating £39,000 Per Annum
Comprising a three-storey mid-terrace property with 8x individual residential units within. Accessed via a secure entry system the ground floor provides an entrance porch and hallway leading to flats 1 and 2 and access to the rear shared yard. The central staircase leads to flats 3, 4 and 5 on the first floor, with flats 6, 7 and 8 arranged on the second floor. A basement containing a shared w.c. and storage space is also accessed from the ground floor hallway. The property benefits from fully fitted and functioning fire alarm. Externally the property benefits from shared front and rear yard. Accommodation Flat 1 – Lounge / kitchen, 1x bedroom and bathroom Flat 2 – Lounge / kitchen, 1x bedroom and bathroom Flat 3 – Lounge / kitchen, 1x bedroom and shower room Flat 4 – Studio / lounge / bedroom / kitchen plus shower room Flat 5 – Lounge, separate kitchen, 1x bedroom and shower room Flat 6 - Lounge / kitchen, 1x bedroom and shower room Flat 7 - Studio / lounge / bedroom / kitchen plus shower room Flat 8 - Lounge, separate kitchen, 1x bedroom and shower room Location The property is situated fronting Palatine Road, close to its junction with Central Drive (A5099) and close to local amenities including shops, bars and restaurants. Blackpool’s Promenade (A584) is located approximately 0.3 miles from the property. Tenancy We are informed that all flats are Let on 6-month rolling tenancies with no rent arrears. The property generates £39,000 per annum Please refer to legal pack for further information Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating E,E,D,D,E,C,D & D
Fylde Borough Council
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.
Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.