For Sale By Auction | 14:00, 04 July 2019

56 North Promenade, Lytham St. Annes, Lancashire, FY8 2ND

*Guide | £40,000 (plus fees)

  • Property For Sale
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 04/07/2019

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Ground Rent Investment producing £4,200 pa.

Ground Rent Investment producing £4,200 pa. Ground rent investment of a 4 storey modern block of 14 apartments, each paying £300 pa. The total rental income therefore being £4,200 pa. Leases are dated June 2004 however the term is understood to be 999 years (less 20 days) from and including 01 March 1874. The landlord is responsible for insuring the block and re-charging the tenants a reasonable proportion. We are also informed that there is a management company in place. The property is situated fronting North Promenade, approximately ¼ mile north of St Annes centre.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating N/A

Local Authority

Fylde Borough Council

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 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.