Ref: Lot 3
High Yielding Investment Opportunity
Town & Country Property Auctions are pleased to present this high yielding freehold block of three flats, fully let located in Blackpool. The property offers 15.57% yield at the guide price and comprises of 2 x two bedroom flats, each returning a total of £5,200 per annum or £10,400 for the pair, and a one bedroom flat returning £4,420. Total income generated per annum = £14,820. This is an ideal turn key investment for buyers.
The property is close to local amenities, the sea front and Blackpool North train station. See the legal pack for more information.
Council Tax - Band A for each flat
All 3 flats - Rating D
Freehold
For sale by online auction on 29 January 2025
Bidding opens at 10:00am and closes from 12:00 noon
Ideal Investment
Freehold Block
2 x Two Beds
1 x One Bed
Total Rent £14,820 per annum
15.57% Yield at the guide price
Plus Fees
Disclaimer:
Material information will be provided within the legal pack - to download this register your interest at tcpa.co.uk.
Bidding Security Deposit:
In order to bid, you are required to provide a bidding deposit of £2500 for each lot you wish to bid on, via the registration process.
A ‘hold’ is placed on this amount.
If your bid is successful on auction day, this amount will taken from your account and is included as part of your deposit payment for your property purchase.
If your bid is unsuccessful, the ‘hold’ is automatically removed and the funds are immediately released. The speed at which the funds will be back in your account will depend on your bank or building society.
Please note that bidding for a property is FREE. The bidding deposit forms part of your property purchase deposit and is therefore only taken from your account if successful.
A
* 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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