This property is a freehold ground rent investment secured on a derelict building/site in Blackpool, with a potential development opportunity (subject to planning permission). The property has a long lease of 999 years from 2020, with a ground rent of £1,000 per annum. The site is located in the heart of Blackpool, within walking distance of the pier, beach, and town centre. The current state of the property is derelict, but there may be additional benefits available to the purchaser if the leaseholder decides to develop the land in the future. The guide price is not a valuation or assessment of value, but rather an indication of the region at which the reserve may be set. The property is being sold at auction on May 20, 2025, with a contract documentation fee of £1,500 payable to Barnard Marcus Auctions by the buyer.