Lot 59: 198A Lytham Road, Blackpool, FY1 6EU Guide Price: &...

Lot 59: 198A Lytham Road, Blackpool, FY1 6EU

Guide Price: £80,000

Long leasehold first floor two bedroom self-contained flat – Investment

Location:

Situated on Lytham Road, close to the junction with Clare Street. Public transport facilities are at Blackpool South railway station. Shopping amenities can be found locally along Lytham Road. Recreation facilities are within easy reach along the beachfront Promenade and the Sandcastle Waterpark. The Central and South Piers are also within close proximity.

What3Words – hoot.lamps.ridge

Accommodation:

First floor self-contained flat: Two bedrooms, reception room, kitchen, bathroom/wc

Tenancy:

Let on a Six month Assured Shorthold Tenancy from 27/7/2022 at a rent of £500 per month

Total rent reserved £6,000 per annum

Note: We are advised that local housing benefit rent would be approximately £7,000 per annum. Therefore there is an opportunity to increase the rent. Prospective purchasers must rely on their own enquiries in this regard.

Tenure:

Leasehold – To be sold on a new 125 year lease at a ground rent of £50 per annum

EPC Rating – C

Council Tax Band – A

Buyer’s Premium:

Applies under the fall of the hammer. The purchaser shall pay 10% deposit, plus, in addition a buyer’s premium of 2% of the sale price, minimum of £3,000 + VAT upon exchange of contracts.