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122 Bolton Street, Blackpool, Lancashire FY1 6AA

Lot no: 93 Postponed
 

Guide Price £110,000+ plus fees

UnconditionalOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Tuesday 10th December 2024

9.00am
Key Features
  • Former Corner Commercial Unit
  • Accommodation Over 3 Floors
  • Plans drawn for conversion to 6x apartments
  • 100 yards from sea front / beach
  • Excellent Development Opportunity
  • Great Letting Location
  • Freehold and Vacant Possession
  • EPC Rating: Exempt
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Postponed

Commercial Development

Property Description:

A former corner commercial building with accommodation over 3 floors. Situated on the corner of Bolton Street and Price Street.

Situated only 100 yards from Blackpool sea front. Close to the South Pier and only yards from McDonalds and Yates Wine Bar. Now in need of modernisation and development. Yard / Parking to rear.

Scope for numerous uses subject to planning permission, including residential conversion, holiday lets, mixed use or leisure.

The seller has had plans drawn for conversion to 6x one bedroom apartments with yard and bin store to rear. (please see floor plans) This scheme would be subject to planning permission but other properties in the local vicinity have followed this route.

An ideal convert to rent opportunity.

Offered Freehold with vacant possession.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

Freehold. Vacant possession upon completion.




Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

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 auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers 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.