Overview
Description
DESCRIPTION: *FOR SALE BY AUCTION* On behalf of Pattinson Auctions, Kenricks are pleased to offer this Investment Property for Sale.
This Substantial 3 Storey Corner Property comprises of 5 Permanent Flats. 1 x 2 Bed Flat, and 4 x 1 Bed Flat Plus Lock Up/Garage.
The property is situated in the all year-round trading location of Lytham Road Blackpool, being close to shops and amenities.
The flats are in very good order throughout, which is reflected in the long-standing tenants, 4 out of 5 which are let on shorthold tenancy agreements and generating an annual income of £21,164, with potential to increase to £26,000 + pa. once fully let.
Viewing Recommended.
Ground Floor
Main communal entrance leading to hallway.
Flat 1
Fabulous Lounge area with wood effect flooring, high ceiling, and bay window.
Open plan dining room leading to fitted kitchen.
Bedroom with fitted robes.
Bathroom comprising 4-piece suite.
Lower Ground Floor
Cellar area with storage.
REF: INV040M
First Floor
Flat 2
Lounge leading to
Fitted kitchen
Bedroom
Shower and toilet.
Flat 3
Lounge
Fitted kitchen
Bedroom 1
Bedroom 2
Shower and toilet.
Second Floor
Flat 4
Lounge leading to
Fitted kitchen
Double bedroom
Shower and toilet.
Flat 5
Lounge with feature fireplace
Fitted kitchen
Double bedroom
Shower and toilet.
Ref: INV040M
EXTERIOR; Car park to the front, providing car parking for 3 motor vehicles.
Small garden area to the side of the property, for the use of Flat 1.
Enclosed yard area at the rear of property with lock up garage, which is currently used by the landlord.
AGENTS NOTES: All flats have electric meters. The property is central heated and is double glazed.
Sales subject to the fees, terms and conditions of Pattinson Auctions.
BUSINESS: We are informed Flat 1 draws £117 pw, Flat 2,3,4 and 5 draw £95 pw. When fully let the property draws £26,104 pa.
Additional income could be generated from the lock up garage.
TENURE: Freehold
PRICE IS A STARTING BID
VIEWING: By appointment through Kenricks 01253 420420.
Location Details:
Is this business relocatable:
Is this business home based:
Is accommodation included:
Is this In administrative/receivership:
Is stock included:
Listed By:
Similar Listings
* Ground Floor Retail Unit plus 2 Bed Apartment * Staining, Blackpool * Situated in a Row of Shops * All Year Round Trading Location * Business Available Via Separate Negotiation * Retirement Sale * Strong Trading Accounts * Priced to Sell * Viewing ...
* Investment Property * Comprising 1 One Bedroom Flat * South Shore, Blackpool * Close to Promenade and Amenities * In Good Order Throughout * Priced to Sell * Ideal Buy to Let or Holiday Home * When Let Could Draw £5,760 p.a. * Suitable fo...
* Investment Property * Comprising a 5 Bedroom House * South Shore, Blackpool * Close to Shops and Amenities * 3 Storey Mid Terraced Property * Offered with Vacant Possession * Priced to Sell * Excellent Potential * Viewing Recommended DESCRIPTION: ...
* Former 8 Bedroom Guest House * South Shore, Blackpool * Close to Entertainments and Promenade and the New £350 Million Development * Substantial 4 Storey Terraced Property * Not Currently Trading * Currently Set Out as 5/6 Part Refurbish...
REF: MIS116M * Care Home/Development Opportunity * South Shore, Blackpool * Registered for 15 Residents * Substantial Detached Building * In Good Order Throughout * Offered With Vacant Possession * Currently Not Trading * Suitable for a Number of Use...
* Investment Property Comprising Leased Shop and Separate 1 Bed Apartment * Layton Blackpool * Busy All Year Round Trading Location * In Excellent Order Throughout * Currently Draws £10,400 per annum * Priced to Sell * Potential to Increase Incom...