Terraced House
A fantastic investment opportunity, to acquire this former 18 bedroom hotel in the heart of Blackpool. Having been family owned and run as a hotel since 1990 up until it ceased trading in late 2014, the property is now used as residential accommodation for the owner however, would offer a successful buyer various development opportunities, subject to all necessary building and planning consents. Arranged over four floors and close to a wealth of local amenities and attractions, including the Central Peer, Blackpool Pleasure Beach and the infamous, Blackpool Tower the property comprises of:
Hallway, Lounge, Kitchen Diner, additional hall space, two double bedrooms – each with en suite shower rooms.
Communal dining room and bar area, kitchen, two double bedrooms with en suite shower rooms.
Six double bedrooms, family room, communal shower room with WC, additional WC
Six double bedrooms, communal bathroom, family room, shower room with WC, additional WC
Small yard, garage
The internal photographs published are of the basement flat which is in significantly better condition than the remainder of the property and full, internal viewings are advised.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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