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7-7A Squires Gate Lane, Blackpool, FY4 1SN

Lot no: 123 Re-entry to a future auction
 

Guide Price £120,000+ plus fees

Unconditional with Variable FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 30 days unless the Special Conditions of Sale state otherwise.

Thursday 27th August 2020

10.30am
Key Features
  • Substantial mixed use end terrace property
  • Ground Floor Retail Unit
  • Three Bedroom Flat
  • Close to Beach
  • EPC Rating: G & G
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Re-entry to a future auction

Mixed Use

Property Description:

End of short terrace and occupying sought after corner position close to new south promenade and on one of the main arterial roads in Blackpool. Just a couple of minuets walk to the beach which is in view from the sitting room. Ground floor commercial shop currently trades as a lighting/everything electrical store, triple panelled glass frontage and entry door from the corner position. Includes rear office and washroom/wc. Has been established in this location for 14 years.

The other three commercial premises in this terrace are all fast food establishments but predominantly this is a residential district.

The three storey flat above enjoys its own separate entrance accessed to the rear next to the oversized single garage and landscaped courtyard garden which measures more than 5.18m/17FT. The spacious flat is impressively decorated and finish throughout with extensive led accent sensory lighting, New flooring has been recently fitted and all windows are double glazed with window blinds and coverings included in the sale. Heating is panel heaters. Ready to move into or let condition. Makes an ideal home for trading in the shop below or letting out as an income earning airbnb.

Commercial:

Shop with retail area, reception counter, storage area, rear office and wash area and separate WC.

Flat: 58sqm/624sqft

Ground Floor: Via UPVC door into impressive entrance hall with feature alcove and floor level LEDs and wood laminate flooring. Glazed door leads into Inner Hall with accent lighting and lit staircase to:

Lower First Floor:

Comprising fitted kitchen with appliances included in sale, bathroom with shower over bath and separate WC. Five steps lead up to:

Higher First Floor:

Large master bedroom with built-in wardrobes, Sitting/Dining Room with feature fireplace incorporating electric effect log-burner and views to the sea, large single bedroom used as a separate quiet room, additional study area on landing and storage. Stairs leading to:

Second Floor:

Originally attic space, now a large room currently being used as a double bedroom and occasional games room/man cave.

Outside:

Lovely fully enclosed and private courtyard garden and oversized single garage via auto roller door which easily houses one car and several workshop benches. Important bonus is that the vendor uniquely owns the paved forecourt to the front of the property which is adequate for two parking spaces.

Tenure:


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 Variable Fee (England and Wales).

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 fees apply:

  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

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 Price
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.