Multi Let Mixed Use Investment Property – Fully Let and Producing £18,672 pa

Description The property comprises a two-storey corner building of brick construction beneath a pitched slate roof. The ground floor comprises two retail units which are let to locksmith and café occupiers. To the first floor there is large first floor flat extending across the whole floor, briefly comprising a lounge, two bedrooms, kitchen and bathroom with self contained access from Leeds Road. Externally, there is a good sized tarmacadam forecourt which is currently utilised as car parking. Total Gross Income – £1,556 pcm (£18,672 pa). Location The premises are located in a prominent position fronting Whitegate Drive at the junction with Leeds Road, less than 1 mile east of Blackpool Town Centre. Whitegate Drive is a busy vehicular and pedestrian route linking Blackpool town centre to Preston New Road in the South, which ultimately leads to Junction 3 of the M55 motorway. The property is situated in a popular suburb in Blackpool with Whitegate Drive offering a number of retail premises with the wider area being predominantly residential in nature. Tenure: Freehold Title number: LA426806 Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/ ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. 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. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Tenure

Freehold

Tenancy Information

31a & b Whitegate Drive (Café) Let to a private individual for a term of 7 years from October 2017, with a rent review due in October 2023. The current rent passing is £10,572 p.a 31c Whitegate Drive (Locksmiths) Let for a term of 5 years from February 2022 with a rent review due in February 2024. The current rent passing is 3,900 p.a. 2a Leeds Road Previously let on a 6 month Assured Shorthold Tenancy from 2019 with the tenant now holding over. The current rent passing is £350 pcm / £4,200 pa

Energy Efficiency Rating (EPC)

Current Rating GF - C Flat - E

Local Authority

Blackpool Borough Council

Additional Fees

Administration Charge - 1.8% inc VAT of the purchase price, subject to a minimum of £1800 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.