Lot 1 - 40 South King Street, Blackpool, Lancashire, FY1 4NJ

  • Unconditional Online Auction Sale
  • Guide Price* : £60,000 plus
  • Residential Investment
  • 3 Bedrooms
  • Let at an annual equivalent income of £7,800

ON BEHALF OF COURT APPOINTED RECEIVER: Three bedroom mid terrace house sold subject to a tenancy at a annual equivalent income of £7,800

Description

A residential investment comprising a three bedroom mid terrace house sold subject to an existing tenancy, let at £650pcm. The property benefits from double glazing and gas central heating (not tested) with a new boiler installed in 2020 and the previous owner had successfully registered the property within the Council's Central Area selective licence scheme.

The accommodation comprises an entrance porch and hallway, leading to a lounge and separate dining room (currently used as a bedroom), then through to kitchen at the rear. Accessed from the rear yard is a storage room, being used as a utility room.

At first floor there are three bedrooms, together with separate WC and a family bathroom which has a bath and a shower cubicle.

Location

The property lies in a predominantly residential area of Blackpool, on the edge on the town centre. The Houndshill Shopping Centre, the Tower and Promenade(A584) are all less than ½ mile to the west.

Local bus routes are available nearby on the B5390 Park Road and Blackpool North railway station is ½ mile to the north.

Tenure

Freehold.

Accommodation

We detail below the following approximate gross internal areas:

Ground Floor: 51.92 sq. m (559 sq. ft)
First Floor: 47.83 sq. m (515 sq. ft)

Outside

At the front of the property is a small forecourt garden and at the rear is an enclosed yard.

Tenancies

The property is currently occupied and subject to a statutory periodic monthly after expiry of an AST granted for 6 months from 8th September 2017 at a rent of £650 per month.

EPC

Energy Asset Rating is D.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2400 (inc VAT) payable upon exchange of contracts.

Additional Information

1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

3. The property is being sold under Proceeds of Crime legislation. Please see Legal Pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Sold for £81,250

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Office Contact

James Ashworth
0161 967 0122

Important Documents

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