3 Palatine Road
Ref: Lot 23
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Unconditional (Buyer's Premium)
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
3 Palatine Road, Blackpool, Blackpool, FY1 4BT
8 APARTMENT BLOCK CONVERSION
8 APARTMENT BLOCK CONVERSION
Description
THIS TEN BEDROOM PROPERTY HAS BEEN PARTICALLY CONVERTED INTO 8 APARTMENTS.
THE PROPERTY IS STILL ON ONE FREEHOLD TITLE WITH VACANT POSSESSION.
The property offers a scope and opportunity, with a multitude of different options from serviced short term accommodation to supported living accomodation.
Unit 8 - 1 bed apartment. Furnished
Unit 7 - Family unit with two rooms, spa bath, another separate shower, kitchen cabinets
Unit 6 - Studio with kitchenette, spa bath, dining and furnished
Unit 5- Family unit with two rooms, spa bath, another separate shower, kitchenette
Unit 4- Studio with kitchenette, spa bath, dining and furnished
Unit 3 - new shower, vanity sink/cabinet. Room is pending painting but furnitures in the room. We were hoping to fit a door in the landing just before unit three so it has exclusive use of the kitchen diner on the ground floor at the rear, basically making it a one bedroom apartment.
Unit 2- twin room , new shower, new toilet basin and vanity cabinet. furnished
Unit 1- double room, new shower, vanity cabinet and sink, cabinet and furnishings
The building is fitted with 6 cameras and wifi hotspots.
Please add that Sykes cottages gave a minimum estimate of £12,000 for units 1,2 &3 each per year (£36,000) with units 4-8 each estimated to bring in about £13,000 per year (£65,000) total £101,000 per annum estimated if used as holiday let.
Situated close to the new Blackpool central 300 million pound leisure development that is under construction along with easy access to Blackpool Town Centre with its Array of Popular Tourist Attractions and the sea front Promenade.
Buyers Premium
* Plus 5% Buyers Premium + VAT
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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FREEHOLD BLOCK OF TWO FLATS
£65,000 + fees
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£225,000 + fees
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£100,000 + fees
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£1,300,000 + fees
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£800,000 + fees
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£90,000 + fees
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UNMODERNISED RESIDENTIAL AND COMMERCIAL DEVELOPMENT OPPORTUNITY
£125,000 + fees
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LARGE UNMODERNISED WAREHOUSE TO BE SOLD AT AUCTION ON THE 28TH NOVEMBER 2024
£100,000 + fees
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STUNNING QUAYSIDE LOCATION
£115,000 + fees
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UNMODERNISED 3 BED SEMI TO BE SOLD AT AUCTION ON 28TH NOVEMBER 2024
£170,000 + fees
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£90,000 + fees
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Grade II listed cottage to be sold at auction 28th November 2024
£200,000 + fees
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HOLIDAY HOME / INVESTMENT OPPORTUNITY
£350,000 + fees
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£100,000 + fees
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3 BED SEMI TO BE SOLD AT AUCTION 28TH NOVEMBER 2024
£180,000 + fees
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