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6 bedroom block of apartments for sale
23 Northumberland Avenue, Blackpool, Lancashire, FY2 9SA
£180,000
23 Northumberland Avenue, Blackpool, Lancashire, FY2 9SA
£180,000
Our Summary
- Guide Price £180,000 * Plus 5% Buyers Premium + VAT For sale by unconditional online auction on the 30th of April 2025
- Registration is now open, bidding opens on 30th on April at 10:00 and ends on 30th April 2025on April at 12:00 HIGH YIELD FULLY LET BLOCK OF FIVE FLATS TO BE SOLD AT AUCTION Description THIS BLOCK OF 5 FLATS IS GENERATING £27,600 PER ANNUM 15% BASED ON GUIDE PRICE 1 X 2 BED = £498 PER MONTH RENT 2 X 1 BED = £450 X 2 = £900 2 X STUDIO = £400 X 2 = £800 HIGH YIELD INVESTMENT WHICH IS IN NEED OF UPDATING AND OFFERS AN EXPERIENCED INVESTOR MULTIPLY VALUE ADD OPTIONS The property is situated in the desirable residential location of Northumberland Avenue in North Shore Blackpool, being close to the prestigious Queens Promenade Property address Description Size EPC Flat 1 Ground floor flat 89 sq m E Flat 2 Mid floor flat 38 sq m D Flat 3 Mid floor flat 26 sq m D Flat 4 Top floor flat 38 sq m C Flat 5 Top floor flat 26 sq m E 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)
- Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date
- All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit
- To make a pre-auction offer we will require two forms of ID,
Description
This is a high-yield, fully let block of five flats located in Northumberland Avenue, North Shore Blackpool, close to the prestigious Queens Promenade. The property generates £27,600 per annum, with a 15% yield based on the guide price. The five flats are let out to five different tenants, with a mix of one-bedroom, two-bedroom, and studio apartments. The property offers a experienced investor with multiple value-add options, as it is in need of updating. The guide price is £180,000, plus a 5% buyers premium and VAT. The property will be sold at auction on April 30th, with registration open now and bidding opening at 10:00am and closing at 12:00pm.