4 bed block of flats for sale

Braithwaite Street, Blackpool FY1

For Sale by Online Auction with a Starting Bid of £110,000. Terms & Conditions Apply. A Block of 4 x 1 Bedroom Self Contained Flats With An Income of Circa £16,500 pa. See WebbMove for all the Auction Details.

For Sale by Online Auction with a Starting Bid of £110,000. Terms & Conditions Apply. See WebbMove for all the auction details.

Offering a generous yield of 15%*, this block of apartments is situated a short walk away from Blackpool Promenade. It is arranged as 4 one-bedroom self-contained flats and has a projected income of circa £16,500 per annum; two of the flats are let to long-term tenants, while the other two have undergone improvement works and now have applications pending from prospective tenants.

As well as being close to the promenade, it is within walking distance of Blackpool Town Centre, the main focus of the £350M regeneration project. Ask the team for more information on this exciting project!

*This is the gross yield and is based on the starting price/projected realistic income.

Communal entrance 4' 0" x 4' 3" (1.22m x 1.3m)

communal hallway 19' 0" x 5' 6" (5.79m x 1.68m)

basement

flat 1

kitchen/living area 16' 0" x 12' 3" (4.88m x 3.73m)

bedroom 11' 0" x 11' 7" (3.35m x 3.53m)

bathroom 3' 0" x 7' 10" (0.91m x 2.39m)

flat 2

kitchen/living area 6' 0" x 11' 1" (1.83m x 3.38m)

bedroom 11' 1" x 6' 0" (3.38m x 1.83m)

bathroom 7' 6" x 2' 0" (2.29m x 0.61m)

communal landing/hallway 8' 0" x 5' 10" (2.44m x 1.78m)

flat 3

kitchen/living area 14' 0" x 10' 10" (4.27m x 3.3m)

inner hallway 3' 0" x 2' 9" (0.91m x 0.84m)

bedroom 8' 0" x 11' 1" (2.44m x 3.38m)

bathroom 5' 0" x 4' 6" (1.52m x 1.37m)

flat 4 (maisonette)

lounge 13' 0" x 9' 8" (3.96m x 2.95m)

kitchen 10' 0" x 7' 1" (3.05m x 2.16m)

inner hallway 3' 0" x 7' 2" (0.91m x 2.18m)

bedroom 17' 0" x 9' 1" (5.18m x 2.77m)

yard

auction information 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 30th August 2024. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.

Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.

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.

Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.

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. We recommend seeking the advice of a competent legal advisor before placing a bid.

Looking to sell by auction rather than buy? Get in touch for your free valuation! You never know, your property may be worth more than you think.

WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.