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6 bedroom block of apartments for sale
Central Drive, Blackpool
£115,000
Central Drive, Blackpool
£115,000
Our Summary
- For Sale by Online Auction with a Starting Bid of £115,000
- See WebbMove for all the Auction Details
- A rare opportunity to purchase a 6-bedroom HMO, WITH PLANNING PERMISSION and an adjacent commercial unit, with a total floorspace of over 2,600 sq
- The ground floor commercial unit requires refurbishment but once completed, it would make an ideal office space and is located within easy reach of Blackpool Town Centre, the focus of the multi-million-pound regeneration project which is well underway
- The HMO is spread across 4 floors and is in relatively good condition, albeit some areas do require minor remedial works
- This property is for sale by online auction under WebbMove Auctions ('The Auctioneer')
- Lots sold by the Auctioneer will typically be sold under unconditional auction terms
- The auction end date for this property is scheduled for 28th April 2025
- Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings
- For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions
- Looking to SELL by AUCTION rather than BUY
- For Sale by Online Auction
- The Commercial Unit Requires Refurbishment
Description
This rare opportunity presents a 6-bedroom HMO with planning permission and an adjacent commercial unit, totaling over 2,600 sq. ft. The projected income once let would be circa £28,000, yielding 20% gross return on the starting price of £115,000. The commercial unit, located in the heart of Blackpool's regeneration area, requires refurbishment, while the HMO is in relatively good condition, needing minor remedial works. The property can be viewed in person or through a 360 virtual tour, and prospective buyers must register with the auctioneer to place bids. The auction end date is scheduled for April 28, 2025, and upon acceptance of their bid, the winning bidder will be required to pay a deposit and buyer's premium within 24 hours.