A Fantastic Investment Opportunity!
This versatile property offers excellent potential for a ground-floor commercial unit with residential accommodation above that was previously three flats.
The property has already benefited from partial refurbishment works throughout, providing a strong foundation for completion and value enhancement. There is also a very spacious basement area.
This property does not require planning permission to reinstate three self-contained flats, as it was previously operated in this configuration, each with its own council tax band.
During the current renovation works, the council tax registrations were formally removed via the Valuation Office Agency (VOA), meaning no council tax has been payable throughout the build period.
A key benefit for the incoming buyer is that the property can be re-registered for council tax at a time that suits them, allowing further savings while renovation works continue. This can equate to a saving of over £400 per month, as there is no obligation to pay council tax on three separate units until re-registration.
Historically, when fully let, the three flats generated a combined rental income of approximately £1,550 per month, offering strong income potential once refurbished.
The property is also ideally located close to the £300 million Blackpool regeneration project, which will feature a 200-room hotel, restaurants, bars, an indoor theme park, and a range of additional leisure attractions—making it a highly attractive area for both tenants and future capital growth.
Ideally located close to local amenities, the property is well positioned to attract both commercial tenants and residential occupants, making it a highly appealing prospect for investors and developers alike.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Ground Floor Main Room 24.10 x 12.11
Ground Floor Back Room 13.10 x 7.01
Ground Floor WC 10.10 x 5.09
Ground Floor Room 17.07 x 7.04
First Floor Bedroom One 15.03 x 12.06
First Floor Bedroom Two 13.04 x 8.01
First Floor Kitchen 9.07 x 8.11
First Floor WC 9.05 x 2.10
Second Floor Bedroom One 11.02 x 16.01
Second Floor Bedroom Two 9.10 x 9.01
Second Floor Storage 6.10 x 4.10
Seconf Floor Room 12.11 x 8.00
