Vacant Retail Unit With Five Tenanted Self-Contained Flats – Producing £30,600 pa With Potential To Increase To £33,000+ pa
Substantial double fronted three storey end terrace property which briefly comprises a vacant retail unit (former dog groomers) and five self-contained flats (3x 1 bed & 2x 2 bed). Location Situated on Station Terrace just off Lytham Road, approximately 400m from The Promenade and Blackpool South train station. Tenancies The flats are fully let with the one bed flats producing £450 pcm and the two bed flats lets at £600 pcm. The ground floor retail unit/former dog groomers is vacant but previously produced £200 pcm. The total rental income is currently £30,600 pa With Potential to Increase To £33,000+ pa when the retail unit is let. NB Flats 2,5 & 6 are currently let to Mears Group PLC a housing and social care provider. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
See Legal Pack
The building is fitted with gas central heating and UPVC double glazing and the property briefly provides:- Ground Floor – Vacant Retail Unit (former dog groomers) Vacant Office/Store (with meters) Flat 4 - One Bed (rear) – lounge/dining kitchen, double bedroom and bathroom. First Floor – Flat 1 – Two Bed (front) – two bedrooms, lounge/dining room, separate kitchen and bathroom. Flat 5 – One Bed (rear) - lounge/dining kitchen, double bedroom and bathroom. Second Floor – Flat 2 - Two Bed (front) – two bedrooms, lounge/dining room, separate kitchen and bathroom. Flat 6 - One Bed (rear) - lounge/dining kitchen, double bedroom and bathroom. The flats have separate electric meters (pre-paid)
Energy Efficiency Rating (EPC)
Current Rating All Flats C & Retail Unit E
Fylde Borough Council
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.