Lot 4 - 19 Orme Street, Blackpool, Lancashire, FY1 4AL

  • Unconditional Online Auction Sale
  • Guide Price* : £50,000 plus

Addendum

The property is currently occupied and subject to a statutory periodic monthly after expiry of an AST granted for 6 months from 10th July 2020 at a rent of £500 per month. However, the current managing agent has informed us that the rent is paid four weekly £458.44 directly from the council and they receive 13 payments in the year. This equates to £5959.68 per annum and £496.64 a month.

  • Residential Investment
  • 2 bedrooms
  • Let at an annual equivalent income of £6,000

ON BEHALF OF COURT APPOINTED RECEIVER: Three bedroom mid terrace house sold subject to a tenancy at a annual equivalent income of £6,000*

Description

A residential investment comprising a two bedroom mid terrace house sold subject to an existing tenancy, let at £500 pcm*. The property benefits from double glazing and gas central heating (not tested) and a new boiler was 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 vestibule, lounge, dining room kitchen and bathroom to the ground floor. At first floor there are two bedrooms.

* See information in tenancy paragraph.

Location

The property lies in a predominantly residential area of Blackpool, approximately 0.5 mile south of the town centre and 0.35 mile to the east of the Central Pier.

Local bus routes and retail amenities are available nearby on the A5099 and B5390 Park Road, with Blackpool South railway station lying approximately 0.75 to the south.

Tenure

Freehold.

Accommodation

We detail below the following approximate gross internal areas:

Ground Floor: 33.69 sq. m (363 sq. ft)
First Floor: 25.77 sq. m (277 sq. ft)

Outside

The front of property fronts directly onto the pavement 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 10th July 2020 at a rent of £500 per month. However, the current managing agent has informed us that the rent is paid four weekly £458.44 directly from the council and they receive 13 payments in the year. This equates to £5959.68 per annum and £496.64 a month.

EPC

Energy Asset Rating is E.

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 £55,250

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Office Contact

James Ashworth
0161 967 0122

Important Documents

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