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10 bedroom block of apartments for sale
3 Palatine Road, Blackpool, Blackpool, FY1 4BT
£230,000
3 Palatine Road, Blackpool, Blackpool, FY1 4BT
£230,000
Our Summary
- Guide Price £230,000 * Plus 5% Buyers Premium + VAT For sale by unconditional online auction on the 29th of January 2025
- Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction
- Auction Information To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated)
Description
This property is an 8-apartment block conversion, formerly a single residence, located in a prime area close to Blackpool's new £300 million leisure development and town center. The property has been converted into eight apartments, each with its own unique features, including studios, one-bedroom, and two-bedroom units. The apartments are fully furnished and equipped with modern amenities, including Wi-Fi hotspots and six cameras for added security. The property has a potential annual income of £101,000 if used as holiday lets, with each unit estimated to bring in between £12,000 and £13,000 per year. The property is being sold by unconditional online auction on January 29, 2025, with a 5% buyers' premium and VAT added to the purchase price. The buyer will be legally bound to purchase the property once the hammer falls, and the vendor will be legally bound to sell. The property is being sold with vacant possession, and the buyer is responsible for any additional costs listed in the special conditions.