3 Palatine Road

Ref: Lot 20

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Town & Country Property Auctions North West
Town & Country Property Auctions North West

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).

Description

THIS TEN BEDROOM PROPERTY HAS BEEN CONVERTED INTO 8 APARTMENTS.

THE PROPERTY IS STILL ON ONE FREEHOLD TITLE WITH VACANT POSSESSION.

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.

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.

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.

Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.

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