Block of Seven Flats – Part Let Currently Producing £17,100 pa – Potential to Produce c£37,000 pa

A mid-terrace double fronted property in the popular Claremont residential area close to schools, shops and bus routes. Arranged as 7 flats internally comprising 1x3 bed, 1x2 bed, 3x1 bed and 2 x Studios; each self-contained. The property focuses on providing accommodation for occupants claiming housing benefit and in turn attracts the local housing benefit tariff. When fully occupied and refurbished the flats could attract IRO £37,000+ per annum. Internally the tenants elect to live in their own style including some smokers. Managed correctly this market segment can be very lucrative. Majority electric heating, 2 flats also enjoy gas central heating. LOCATION Clifford Road in the Claremont Area GROUND FLOOR Entrance to hallway and meter cupboard – Flat 1 - Separate Lounge - Separate Bedroom - Separate Shower Room/W.C - Separate Kitchen - Separate Bedroom 2 (44 Sq M ) Flat 2 -Lounge/Kitchen - Sep Shower Room W.C - Sep Bedroom (33 Sqm) – Flat 3 - Sep Lounge - Sep Bedroom - Sep Kitchen - Sep Shower Room W.C (32 SqM) FIRST FLOOR Flat 4 - Sep Lounge - Sep Bedroom - Sep Kitchen - Sep Shower Room WC (25 SqM) – Flat 5 - Lounge/Kitchen/Bedroom - Sep Shower Room WC (26 SqM) Flat 6 - Lounge/Kitchen/Bedroom Sep Shower Room WC – Flat 7 - Lounge/Kitchen - Separate Shower Room W.C. - Bedroom x 3 (44 Sq M) EXTERIOR Front Parking for 3/4 Vehicles - Rear Yard BUSINESS 1 - Vacant (remedial work underway) LHA rate is £124.73 2 - £400.00 per month 3 - Vacant 4 - £400.00 per month 5 - £325.00 per month 6 - £300.00 per month 7 - Vacant LHA Rate is £143.84 pw SERVICES We are advised - Electric tenants pay own bills - Flat 1 & 7 have own central heating boiler. Tenants pay own water. Tenure: Freehold Title number: LA422648 Council Tax Band : A Local Authority: Fylde Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

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.

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.

Energy Efficiency Rating (EPC)

Current Rating Flats 1,4&7 - C, Flats 2&5 - D, Flats 3&6 - D

Local Authority

Fylde Borough Council

Solicitors

Slater Heelis, Ref: Slater Heelis, Tel: 0161 6721543

Offered in association with

Kays Estates

Additional Fees

Administration Charge - 2.5% 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.