For Sale By Auction | 12:00, 12 June 2024

4&4A Princess Street, Blackpool, Lancashire FY1 5BZ

*Guide | £67,000 (plus fees)

  • Flat
  • Tenure: Freehold

Call the team on 01772 772450 for more information

Auction Date

Wed 12/06/2024

Auction Time

12:00

Auction Venue

Online Auction

Two Individual Two Bedroom Flats – Both with Tenants in Situ – Currently Producing £875 pcm (£10,500 pa)

An opportunity to purchase two individual (two bedroom) flats within one building as a freehold. Both flats are currently rented with tenants in situ bringing in an income of £875pcm (£10,500pa) and as of April 2024, there are no arrears for either flat. Located 500ft from the Promenade where there are local shops and amenities along with the Central Pier just 0.2 miles away. Tenancy Information: Flat 4 – Paying £425pcm – Periodic tenancy from 30th September 2022 to 30th September 2023. This tenant has been residing here since 2019. Flat 4a – Paying £450pcm – Periodic tenancy from 30th September 2022 to 30th September 2023. This tenant has been residing here since 2007. Please refer to the legal pack for more information regarding the tenancies. NOTE There is no access for viewings available. Photos taken from previous rental listing in 2019. Flat 4 Located on the ground floor with its own private entrance. Floorplan included in the details is for this flat. Flat 4a Residing on the 1st floor with its own private entrance. Tenure: Freehold Title number: LA434184 Council Tax Band: A (for both flats) Local Authority: Blackpool Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

Tenure

Freehold

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.

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

Energy Efficiency Rating (EPC)

Current Rating Flat 4 - C, Flat 4a - D

Local Authority

Blackpool Borough Council

Solicitors

O'Donnell Solicitors, Ref: O'Donnell Solicitors

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 - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 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.