Modern Method of Auction
Auction date not yet published
House · FY1 4LA
For saleListed 169 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale via secure sale online bidding - terms and conditions apply. We are pleased to offer this Investment Property comprising of 13 Self-Contained Flats for sale.
This Substantial 3 Storey Double fronted terraced property is situated in Central Blackpool being close to the Town Centre, Entertainment and amenities.
We are informed that the flats are currently operated as Permanent flats and could draw an annual income of £60,000, but planning permission is in place for Holiday Flats. Viewing Recommended.
Ground Floor Communal Entrance leading to: Hallway. Flat 1 Living Room / Kitchen Shower and Toilet. Flat 2 Living Room / Kitchen Shower and Toilet. Flat 3 Living Room / Kitchen Area.
Shower and Toilet First Floor Flat 4 Lounge / Kitchen.
Double Bedroom Shower and Toilet Flat 5 Lounge / Kitchen Double Bedroom Shower & Toilet Flat 6 Lounge / Kitchen Double Bedroom Shower & Toilet Flat 7 Kitchen Double Bedroom Single Bedroom Shower & Toilet Flat 8 Kitchen Double Bedroom Shower & Toilet Flat 9 Living Room Shower & Toilet Second Floor Flat 10 Lounge / Kitchen Double Bedroom Shower & Toilet Flat 11 Lounge / Kitchen Double Bedroom Shower & Toilet Flat 12 Lounge Kitchen Double Bedroom Shower & Toilet Flat 13 Lounge Kitchen Double Bedroom Shower & Toilet Lower Ground Floor Storage EXTERIOR; Car Parking for 4 motor vehicles to the rear of the property.
AGENTS NOTES: Each flat has a separate electric card metre. Gas Central heating. Sale subject to the fees, terms and conditions of Pattinson Auctions.
BUSINESS: We are informed that when the property is fully let could draw £60,000 per annum. TENURE: Freehold.
Description We are pleased to offer this Investment Property comprising of 13 Self-Contained Flats for sale.
Location Is situated in Central Blackpool being close to the Town Centre, Entertainment and amenities.
Tenure Title number LA410465 - Freehold Additional Information For further information please contact our office directly on , or alternatively via email on .
With regards to viewing subject property, this is to be done strictly by appointment. Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Adelaide Street, Blackpool, Lancashire, FY1 4LA
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