Income Producing Mixed Use Property – Fully Let and Producing £34,060 pa
DESCRIPTION: Substantial Property comprising eight self-contained permanent flats ( 1x studio, 4 x 1 bed and 3 x 2 bed) plus ground floor tenanted Hair Salon. This end Terraced Property is situated in South Shore Blackpool being close to shops and amenities. Ground Floor Hair Salon Open plan Hair Salon, we are informed this is currently leased on a 5yr Lease from 2020 at a Rent of £50 pw. Separate Entrance leading to flats. Flat 2 Lounge. Kitchen. Bedroom. Shower and Toilet. Flat 3 Studio Flat. Lounge/Kitchen/Bedroom. Shower and Toilet. Lower Ground Floor Cellar Area. First Floor Flat 4 Lounge. Kitchen. 2 Bedrooms. Shower and Toilet. Flat 1 Lounge. Kitchen. 2 Bedrooms. Bathroom. Second Floor Flat 5 Lounge. Kitchen. Bedroom. Shower and Toilet. Flat 6 Lounge. Kitchen. 2 Bedrooms. Shower and Toilet. Third Floor Flat 7 Lounge. Kitchen. Bedroom. Shower and Toilet. Flat 8 Lounge. Kitchen. Bedroom. Storeroom. Bathroom. EXTERIOR: Forecourt. Yard to the rear with external decking area. NOTE: All flats have card electric meters and electric heating. No gas installed. TENANCIES: We are informed that the property is let as follows: - Shop is Let on a 5yr Lease from 2020 at a Rent of £50 pw. Flats 2, 3, 5 & 8 are Let at £95 pw. Flat 4 let at £100 pw. Flats 1 and 6 are Let at £110 pw. Flats 3 & 7 are vacant. Total rental income of £34,060 pa. TENURE: Freehold. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Tenure
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating Flats 3,4,6&7 – D Flats 2,3&5 – E Flat 8 - G Shop - C
Local Authority
Blackpool Borough Council
Solicitors
Priority Law Limited, Ref: Priority Law Limited, Tel: 01612077600
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.