Block of Apartments
Property Description:
A freehold mid terrace property currently let and comprising five apartments, situated in central Blackpool, being close to the town centre, amenities and Promenade. Current income £24,139 pa with scope to increase in line with market rents.
We have not had sight of any AST agreements but have been advised the following rents:
Flat 1 £400pcm
Flat 2 £411.66pcm
Flat 3 £400pcm
Flat 4 £400pcm
Flat 5 £400pcm
Total income £24,139 pa
We understand each flat has its own supply for electricity.
Tenure:
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• BBuyers Fee of £3,000 inc. VAT.
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 our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding 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.
