Standout Features
- Great investment opportunity
- Three one bedroom flats
- Over 10% rental yield once renovated
- Selling via modern method of auction
- Immediately available - No chain
- Off road parking
- Great potential
- Electric Heating
- Period features
- Suitable for investors
Property Description
An excellent investment opportunity to acquire this well-positioned block comprising three one-bedroom flats on Lytham Road, Blackpool. Offered to the market via modern method of auction with no onward chain and available for immediate purchase, this property presents a fantastic chance for investors seeking strong rental potential in a popular and convenient location. Once renovated you can expect to achieve over 10% rental yield based on the asking price!
Although in need of updating, the building benefits from period features, adding character and appeal, while offering practical accommodation throughout. Each flat is well laid out and would suit a range of tenants, making the property ideal for long-term investment or portfolio expansion.
Further benefits include off-road parking and electric heating, with significant scope for enhancement to maximise rental yields and overall value. Conveniently located close to Squires Gate Retail and Industrial Park, excellent bus routes, Blackpool Victoria Hospital, transport links, and the seafront, the property is ideally placed to attract a steady stream of tenants. With strong potential to improve and maximise returns, this is a rare opportunity in a well-established and accessible residential area.
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 Part Payment Deposit of 4.5% of the purchase price, subject to a minimum of £6,600.00. This is paid to reserve the property to the buyer during the Reservation Period and is used as part-payment towards 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. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Although in need of updating, the building benefits from period features, adding character and appeal, while offering practical accommodation throughout. Each flat is well laid out and would suit a range of tenants, making the property ideal for long-term investment or portfolio expansion.
Further benefits include off-road parking and electric heating, with significant scope for enhancement to maximise rental yields and overall value. Conveniently located close to Squires Gate Retail and Industrial Park, excellent bus routes, Blackpool Victoria Hospital, transport links, and the seafront, the property is ideally placed to attract a steady stream of tenants. With strong potential to improve and maximise returns, this is a rare opportunity in a well-established and accessible residential area.
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 Part Payment Deposit of 4.5% of the purchase price, subject to a minimum of £6,600.00. This is paid to reserve the property to the buyer during the Reservation Period and is used as part-payment towards 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. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Additional Information
Tenure:
Freehold
Council Tax Band:
A
Lytham Road, Blackpool
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