Lot
058
Auction: December 2022 Online Auction 07/12/2022

7 Shannon Street, Blackpool, Lancashire FY1 5AL

Property Details
Location
Auction Details
Description
A residential investment opportunity comprising a mid-terrace dwelling arranged as 5 units, which are a mixture of self-contained flats and bedsits. 3 are tenanted and generating £11,700 of annual rental income. The property benefits from uPVC windows.
Location
The property fronts Shannon Street, approximately 1 mile west of Blackpool town centre and 0.3 miles east of Blackpool pier. The property benefits from its proximity to a wide range of nearby amenities within 0.5 miles of its location, such as supermarkets, various eateries, tourist attractions, and Bloomfield Road stadium.
Accommodation
Please note Pugh & Co have not inspected the property and the information is provided by the vendor. 

Description:
Two 1-bedroom flats
Three bedsits with shared bathroom
Tenure
Unknown
Tenancy
One unit is tenanted at £60pw, one at £80pw and one at £85pw. This equates to an annual rental income of £11,700. Two of the units are currently vacant, providing scope to increase the rental income of the property.


3 of the 5 units are currently tenanted, with 2 generating £85pw and 1 generating £65pw. This equates to an annual equivalent rental income of £12,220. 
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 6TH DECEMBER AND CLOSES ON WEDNESDAY 7TH DECEMBER.

3. The flats are listed with Council Tax assessments in Band A.

4. Energy Performance Certificate = F.

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