Residential Portfolio in FY1

Lytham Road, Blackpool, Lancashire, FY1 6DZ

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Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Investment Property
  • Comprising 4 Permanent Flats Located Above a Commercial Unit
  • South Shore, Blackpool
  • Close to Promenade and Amenities
  • Substantial 3 Storey Property
  • Draws Approx £21,420 Per Annum When Fully Let
  • Priced to Sell

Residential Portfolio in FY1

*For sale via secure sale online bidding: terms and conditions apply.*

We are pleased to offer this Investment property for sale.

This substantial 3 storey property comprises of 4 permanent flats, 1 x 2 bed apartment and 3 x 1 bed flats, located above a commercial unit.

The property is situated in the busy all year round trading location of Lytham Road in South Shore Blackpool.


Please note we have not inspected this property.

Summary

  • Property Type: Residential Portfolio
  • Parking: None

Location

The subject property is situated on Lytham Road in South Shore, Blackpool. The area is a large mix of commercial and residential properties with an extremely high level of footfall and traffic and is a short walk to the promenade. Blackpool is located 9.6 miles south of Fleetwood, 17 miles west of Preston and 50 miles northwest of Manchester.

Accommodation

GROUND FLOOR
Main Communal Entrance leading to Hallway and Staircase.

FIRST FLOOR - Flat 1:
Lounge.
Kitchen.
Bedroom.
Bathroom comprising 3 piece suite.

Flat 2:
Lounge.
Feature Dining Area.
Kitchen.
Bedroom 1.
Bedroom 2.
Bathroom comprising 3 piece suite with shower over bath

SECOND FLOOR

Flat 3:
Lounge
Kitchen.
Bedroom.
Bathroom comprising 3 piece suite.

Flat 4:
Lounge/Diner with feature elevated dining area.
Kitchen.
Bedroom.
Bathroom comprising 3 piece suite.

Tenure

Leasehold. Title number LAN18994.

Tenancy Information

We are informed flat 1 is currently vacant (previously let for £420 pcm), flat 2 draws £550 pcm, flat 3 draws £395 pcm and flat 4 draws £420 pcm. When fully let the property draws £21,420 per annum.

Council Tax

All flats are band A.

EPC

Flat 1: Available upon request (rating D).
Flat 2: Available upon request (Rating E).
Flat 3: Available upon request (Rating D).
Flat 3: Available upon request (Rating E).

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

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 £5,000 + VAT (£6,000 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 auction@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 £750,001 - £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 auction@pattinson.co.uk

 

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