Semi-detached house
A large, double fronted three storey premises in a good letting location.
The property is placed close to Blackpool centre, South Pier, Promenade and Train station.
The house is currently let on a single assured shorthold tenancy at £640 per 4 weeks / £8320 per annum. A return of over 10% at the current guide price.
The property may offer scope to be utilised as a 6 bedroom HMO or even conversion to flats, subject to any require planning permission. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Also benefits from gas safety certificate and electrical certificate.
Hallway, Lounge, dining room, kitchen, five bedrooms, two bathrooms
The auctioneers have not inspected internally but are informed it is in general good order with gas central heating and UPVC double glazing and has had a recent new roof. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Subject to tenancy.
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.
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 and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
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.
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.
