- For Sale by Online Auction +
- Potential for 6 Flats (STPP) +
- Projected Income for 6 Flats circa. £35,000 PA +
- Approx. 3000 sq. ft +
- A Modern Two Bedroom Flat & 5 Bedroom Property +
- Investment Opportunity +
- Close to Blackpool Promenade +
- Split Utilities +
- NO CHAIN +
- 360 Virtual Tour Available +
For Sale by Online Auction with a Starting Bid of £100,000. Terms & Conditions Apply. See WebbMove for all the auction details.
WebbMove Auctions bring to the market a unique INVESTMENT OPPORTUNITY in the form of two self-contained properties, lending themselves perfectly to conversion to SIX SELF-CONTAINED FLATS (STPP) with an approximate floor area of 3,000 sq. ft. Both properties are currently vacant possession and can be viewed either in person or via our 360 virtual tour.
11a Lonsdale Road is a substantial 3-storey property which is presently laid out as follows; large entrance hallway, lounge through to dining room, downstairs w.c., spacious kitchen diner and ample storage, to the first floor are three large bedrooms and two bathrooms, and to the top floor are two spacious bedrooms and a third bathroom suite. Externally is a good sized yard/off-street parking. A prospective buyer should seek expert advice relating to the conversion and the local authority regarding planning permission, but in our opinion the property could be converted into five spacious one bedroom flats using much of the existing layout, with a few alterations, mostly stud work. We are aware that a chimney breast has been removed on the first floor and a RSJ is required to support the chimney stack, but we are informed that it is currently structurally safe.
11b Lonsdale Road is a spacious two bedroom self-contained apartment which is modern throughout and could bet let for approximately £650PCM. Further details including a floorplan and 360 virtual tour are expected to follow. The property briefly comprises; separate entrance, lounge, two bedrooms and a bathroom.
Both properties have already undergone significant improvement works including electrical upgrades and a new roof.
We would estimate the yearly rental potential to be in the region of £35,000 if converted to 6 flats of good condition, as described above.
Blackpool is currently undergoing a major regeneration project, with funding from government in the region of £350M. Significant improvement works have already taken place/continue to be carried out, some of which are just a stones throw away in central Blackpool. In addition, the property is a short stroll away from the promenade.
11A LONSDALE ROAD
ENTRANCE HALLWAY
LIVING ROOM 16' 10" x 13' 2" (5.13m x 4.01m)
DINING AREA 13' 7" x 11' 3" (4.14m x 3.43m)
W.C. 5' 2" x 4' 5" (1.57m x 1.35m)
STORAGE 2' 4" x 3' 0" (0.71m x 0.91m)
UNDERSTAIRS STORAGE
KITCHEN DINER 16' 9" x 11' 3" (5.11m x 3.43m)
UTILITY ROOM 4' 5" x 5' 4" (1.35m x 1.63m)
FIRST FLOOR
BEDROOM ONE 15' 5" x 12' 0" (4.7m x 3.66m)
EN-SUITE BATHROOM 10' 7" x 8' 5" (3.23m x 2.57m)
BEDROOM TWO 14' 1" x 11' 3" (4.29m x 3.43m)
BEDROOM THREE 13' 2" x 9' 9" (4.01m x 2.97m)
BATHROOM 4' 2" x 7' 4" (1.27m x 2.24m)
SECOND FLOOR
BEDROOM FOUR 14' 6" x 10' 1" (4.42m x 3.07m)
BEDROOM FIVE 16' 6" x 9' 7" (5.03m x 2.92m)
STORAGE ROOM/POTENTIAL BATHROOM 5' 8" x 6' 3" (1.73m x 1.91m)
ADDITIONAL STORAGE CUPBOARDS
SPACIOUS YARD/OFF STREET PARKING
11B LONSDALE ROAD
ENTRANCE
HALLWAY
LOUNGE 16' 5" x 12' 11" (5m x 3.94m)
W.C. 2' 5" x 7' 1" (0.74m x 2.16m)
BEDROOM 10' 3" x 7' 7" (3.12m x 2.31m)
KITCHEN 8' 0" x 11' 6" (2.44m x 3.51m)
BEDROOM TWO 17' 4" x 11' 2" (5.28m x 3.4m)
BATHROOM 11' 5" x 3' 5" (3.48m x 1.04m)
This property is for sale by online auction under WebbMove Auctions ('The Auctioneer'). Lots sold by the Auctioneer will typically be sold under unconditional auction terms.
The auction end date for this property is scheduled for 29th November 2024. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.
Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.
Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.
Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.
For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions. We recommend seeking the advice of a competent legal advisor before placing a bid.
Looking to SELL by AUCTION rather than BUY? Get in touch for your free valuation! You never know, your property may be worth more than you think.
WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.