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Block of apartments for sale
7 - 9 Clifford Road, Blackpool, Lancashire FY1 2PU
£185,000
7 - 9 Clifford Road, Blackpool, Lancashire FY1 2PU
£185,000
Our Summary
- Online auction 13th - 14th May 2025
- Block of Seven Flats – Part Let Currently Producing £17,100 pa – Potential to Produce c£37,000 pa
- IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid
- If you are the successful bidder, you are required to pay the deposit and auction fees immediately
- You must not bid unless you wish to be bound by the common conditions of auction
- Potential To Produce c£37,000 pa
Description
This is a mid-terrace property in the popular Claremont area, currently producing £17,100 per annum from its seven self-contained flats. The property is part-let, with some flats vacant, and has the potential to produce around £37,000 per annum when fully occupied and refurbished. The flats are arranged over two floors, with a mix of one, two, and three-bedroom apartments, each with its own kitchen and bathroom. The property has a front parking area and rear yard, and is located close to schools, shops, and bus routes. The current tenants are on housing benefit, which attracts a fixed tariff, and the property is managed to maximize its income. The vendor is seeking a buyer who can take over the property and continue to manage it to its full potential.