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£425,000
Hornby Road, Blackpool, FY1
- 0 beds
£425,000
- 0 beds
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Estimate monthly mortgage payment:
£1,940 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£21,250
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**FOR SALE BY AUCTION** On behalf of Pattinson Auctions, Kenricks are pleased to offer this Investment Property for Sale.
This Substantial Period 2 Storey Corner Property comprises of 6 Self-Contained Permanent Flats. 1 x 2 Bed Flat, and 5 x 1 Bed Flat.
The property is situated at the junction of Hornby Road and Park Road Blackpool, being close to town centre, shops and amenities.
The flats are in very good order throughout, which is reflected in the long-standing tenants, and generates an annual income of ?27,820 per annum, with potential for rental uplift as rents haven’t been increased for some time.
Viewing Highly Recommended.
Ground Floor
Flat 1 ? Separate Entrance
Lounge
Kitchen.
Storeroom.
Bathroom with three-piece suite.
Bedroom 1.
Bedroom 2.
External - Enclosed Garden/Patio area to the rear.
Main Building
Lower Ground Floor
Basement for storage.
Communal Hallway.
Ground Floor Continued
Flat 1a
Lounge.
Kitchen/Dining area.
Bathroom with 4-piece Suite.
Bedroom.
First Floor
Flat 2
Lounge.
Kitchen.
Bathroom with 3-piece suite.
Bedroom.
Flat 3
Lounge/Bedroom.
Kitchen.
Shower and Toilet.
Bedroom.
Flat 4
Lounge.
Kitchen.
Shower and Toilet.
Bedroom.
Flat 5
Lounge/Kitchen.
Shower and Toilet.
Bedroom.
EXTERIOR; Car park to the front, providing car parking for 6 motor vehicles. Paved area to the side of the property.
AGENTS NOTES: All flats have separate utilities and intercom systems. The property is central heated with separate Combi Boilers and is double glazed.
L2 Fire system.
New windows and front door were installed in August 2023.
Sales subject to the fees, terms and conditions of Pattinson Auctions.
BUSINESS: We are informed Flat 1 draws ?75 pw, Flat 1a draws ?120 pw, Flat 2 draws ?90 pw, Flat 3 draws ?80 pw, Flat 4 draws ?90 pw and Flat 5 draws ?85pw.Total annual rent - ?27,820.
TENURE: Freehold
PRICE IS STARTING BID
VIEWING: By appointment through Kenricks 01253 420420.
Property Reference INV171M
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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