1 /4
£850,000
New South Promenade, Blackpool, FY4
- 0 beds
£850,000
- 0 beds
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Estimate monthly mortgage payment:
£3,880 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
£42,500
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** FOR SALE BY AUCTION ** On behalf of Pattinson Auctions, Kenricks are delighted to offer this rare opportunity to develop this sea front site.
The site is on the prestigious South Promenade overlooking the Irish Sea and will be positioned next to the brand new Hampton By Hilton Hotel as part of the new up and coming regeneration of South Promenade, Blackpool.
The site currently comprises of 2 buildings, Waldorf Hotel, Kimberley Hotel which will both require demolishing before development takes place.
The development previously had planning permission for Apartments.
In addition to the apartments there was car parking spaces including disabled parking spaces, providing 1 parking space for each apartment.
We have been informed that this valuable site comes with the added advantage that Blackpool Council would look favourably on Developers wishing to bring the scheme to rapid completion; to that end they are prepared to make a Business
Development Loan available subject to eligibility criteria being satisfied.
AGENTS NOTES: Existing plans now expired ? previous plans available on request.
Planning Application No. 17/0193.
Date of application 17th March 2017.
The previous planning permission included the Henderson Hotel, which is no longer available under Auction sale.
Sale subject to the fees, terms and conditions of Pattinson Auctions.
TENURE: Freehold
PRICE IS STARTING BID
VIEWING: By appointment through Kenricks 01253 420420
Property Reference MIS308M
The site is on the prestigious South Promenade overlooking the Irish Sea and will be positioned next to the brand new Hampton By Hilton Hotel as part of the new up and coming regeneration of South Promenade, Blackpool.
The site currently comprises of 2 buildings, Waldorf Hotel, Kimberley Hotel which will both require demolishing before development takes place.
The development previously had planning permission for Apartments.
In addition to the apartments there was car parking spaces including disabled parking spaces, providing 1 parking space for each apartment.
We have been informed that this valuable site comes with the added advantage that Blackpool Council would look favourably on Developers wishing to bring the scheme to rapid completion; to that end they are prepared to make a Business
Development Loan available subject to eligibility criteria being satisfied.
AGENTS NOTES: Existing plans now expired ? previous plans available on request.
Planning Application No. 17/0193.
Date of application 17th March 2017.
The previous planning permission included the Henderson Hotel, which is no longer available under Auction sale.
Sale subject to the fees, terms and conditions of Pattinson Auctions.
TENURE: Freehold
PRICE IS STARTING BID
VIEWING: By appointment through Kenricks 01253 420420
Property Reference MIS308M
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£3,880 per month
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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).
£30,000
Mortgage and legal costs:
£999
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