2 bedroom property
Key information
Features and description
- Investment Property Comprising Leased Shop and Separate 2 Bed Apartment
- Blackpool
- Substantial 3 Storey Building
- Busy All Year Round Trading Location
- In Good Order Throughout
- Apartment Recently Refurbished
- When Fully Let Draws £10,920 per annum
- Retirement Sale
- Priced to Sell
We are pleased to offer to auction this Investment Property.
The property comprises a Ground Floor Retail Unit which is currently leased on a 2 year Lease as a well-known and popular Barbers Shop and a 2 Bedroom Duplex Apartment which has been left vacant for the purpose of selling.
This 3 storey property is situated in a row of shops in the busy and popular trading location of Central Drive in Central Blackpool.
Viewing recommended.
Please note we have not inspected this property.
Rooms
Location
The subject property is situated along Central Drive in central Blackpool, a busy year-round trading location, close the famous Blackpool Promenade which is approximately a 10 minute walk away. Blackpool is situated 17 miles west of Preston, 49 miles north west of Manchester and 33 miles south west of Lancaster.
Accommodation
Ground Floor
Main Entrance leading to:
Barbers Shop
Storeroom
Lower Ground Floor:
Storage Area
Toilet
Separate Entrance to the Rear to the Apartment
Ground Floor Apartment
Utility Room
Internal Staircase leading to first floor.
First Floor
Large Lounge with bay window and feature fireplace
Fitted Kitchen with wall and base units.
Bathroom comprising of 3-piece suite.
Second Floor
Bedroom 1
Bedroom 2
Toilet
EXTERIOR: Enclosed yard area to the rear which gives access to the apartment
Tenure
Freehold. Title number LA526453.
Business
We are informed that the ground floor is Leased on a 2 year Lease at a Rent of £4,160 pa. The apartment above is vacant but if let could draw £6,760 pa.
When fully let the property draws £10,920.
Rateable Value
The current rateable value is £4,100 (1 April 2023 to present).
Sourced from VOA.
EPC
We are currently awaiting a copy of the energy performance certificate.
Agent Notes
The first floor apartment is centrally heated and double glazed. Sale subject to the fees, terms and conditions of Pattinson Auctions.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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