Lot
045
Auction Ends: 20/09/2023 13:26 - Bidding opens Tuesday 19th September 10:00 AM

9 Clare Street, Blackpool, Lancashire, FY1 6HR

Property Details
Location
Auction Details
Description
A high yielding residential investment opportunity comprising a mid terrace property converted to provide 4 x studio flats, 3 of which are currently let at a combined annual equivalent rent of approximately £12,285. Once fully let the annual income could be £16,380 representing an approximate rental yield of 20% (if purchased at our last quoted guide price).
Location
The property fronts onto Clare Street, close to it's junction with Lytham Road (B5262) close to Blackpool Town Centre and the seafront. A variety of daily amenities are available within easy walking distance including shops, cafe's, bars and restaurants.
Tenancy
The flats are let at £78.75p/wk with 3 flats currently occupied and 1 vacant.
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 19TH SEPTEMBER AND CLOSES ON WEDNESDAY 20TH SEPTEMBER.

3. The property is listed with a Council Tax assessment in Band A.

4. Pugh & Co have not been provided with a copy of the tenancy agreements and the vendor advises notice has been served to increase the rent to an annual equivalent of £16,380.

5. Energy Performance Certificates:

Flat 1 = D
Flat 2 = F
Flat 3 = G
Flat 4 = E

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