Commercial Development in FY3

For Sale Via Online Auction. Fees Apply.

Substantial corner property occupying a prominent main road position on Whitegate Drive Blackpool.

The property provides ground floor office space approx 100sqm with forecourt parking that are let at £15,000pa. Please note the freehold title is subject to a 999 year lease on the 6 separately owned flats and 4 parking spaces and a 99 year lease on the roof top telecommunication mast site. These two leases do not produce any rental income.

Location: On the Easterly frontage of Whitegate Drive close to its junction with Breck Road on the opposite corner to Tesco Express and Subway.

Ground Floor: Vestibule entrance (8sqm); reception 3.7m x 4.6m (18sqm); disabled wc; front office 3.6m x 5.8m (21sqm); middle office 3.9m x 3.9 (15sqm); staff kitchen 1.9m x 2.7m (5sqm); rear office 4m x 3.6 (14sqm); filing room (11sqm); front office 2.8m x 3.7m (10sqm); side office 3.4m x 3.2m (11sqm); front office 3m x 4m (12sqm); ladies & gents wc's;

First Floor: Upper floors: 6 separately owned residential flats held on a 999 year lease.

Exterior: Forecourt and side parking for approx 10 cars belonging to offices; 4 parking spaces to the rear and access to flats. Plant for the telecommunication mast. Roof top site: 2 telecommunication masts.

Business: Tenant Schedule:
1. Headlease in favour of Breck House Ltd (management company) from Aug 1975 for 999 year plus one day in respect of 6 flats and 4 parking spaces, roof excluded. Under leases for 999 year s to the owners of the 6 flats. No rent payable.
2. 10 year lease to Adcas Financial management Ltd from 2025 passing rent of £15,000 Full Repairing and Insuring Term.
3. Roof top telecommunication site: 99 years lease from 2025 in favour of AP Wirless.

Please note - An independent company, Rowan Building Management, deal with the management of the common parts of the flats and collection of service charge. On completion, the owners of the property will become directors and majority shareholders of the company and as such will have overall control of the repair and insurance of the building. The owners have 7 shares and the 6 flats, one share each. Rowan deal with the administration of the company and annual returns etc.

Services: All mains services connected. Sump pump to basement. Flats and office pay own bills. One Telecom mast electric recharged by Landlord, the other has own meter.

Tenure: Freehold subject to tenancies.

Description

Substantial corner property occupying a prominent main road position on Whitegate Drive Blackpool. The property provides ground floor office space approx 100sqm with forecourt parking that are let at £15,000pa.

Location

On the Easterly frontage of Whitegate Drive close to its junction with Breck Road on the opposite corner to Tesco Express and Subway.

EPC

Rating D

Tenure

Title number LA949057 - Freehold

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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