Whitegate Drive, Blackpool, FY3 Investment Property For Sale

Guide price £550,000 Starting bid
Bond: £0

Property Reference: INV636M

Contact the agent

Property Description

DESCRIPTION: **FOR SALE BY AUCTION** On Behalf of Pattinson Auctions, Kenricks are delighted to offer this substantial corner Investment property for sale.  


The property comprises 12 tenanted permanent self-contained flats situated in the desirable location of Whitegate Drive, being close to shops and amenities. 


All currently let on Assured Shorthold Tenancy Agreements to long standing tenants.


The property is in very good order throughout and needs to be viewed to be fully appreciated.


Ground Floor


Flat 1

Lounge / Bedroom

Kitchen

Bathroom


Flat 2

Lounge

Bedroom

Kitchen

Bathroom 


Flat 3 Has its own entrance

Lounge / Bedroom

Kitchen

Bathroom


Flat 11 Has its own entrance 

Lounge 

Bedroom

Kitchen

Bathroom


Flat 12 

Lounge / Bedroom

Kitchen

Bathroom


First Floor 


Flat 4

Lounge

Bedroom

Kitchen

Bathroom


Flat 5 

Lounge

Bedroom

Kitchen

Bathroom


Flat 9

Lounge

Bedroom

Kitchen

Bathroom


Flat 10

Lounge

Bedroom

Kitchen

Bathroom


Second Floor


Flat 6 

Lounge

Kitchen

Bedroom

Bathroom


Flat 7 

Lounge

Kitchen

2 Bedrooms

2 Bathrooms


Flat 8 

Lounge

Kitchen

2 Bedrooms

Bathroom


EXTERIOR: Garden area to the front. Yard to the rear 


AGENTS NOTES:  

Landlord fed electricity supply (Metro meters installed in all flats)

Central Heating installed in the ground floor flat, electric panel heaters in the other flats and the property has double glazing. 

Sale subject to the fees, terms and conditions of Pattinson Auctions.


We are informed that 

Flat 1 Draws £400 p c m

Flat 2 Draws £425 p c m

Flat 3 Draws £400 p c m

Flat 4 Draws £475 p c m

Flat 5 Draws £400 p c m 

Flat 6 Draws £425 p c m 

Flat 7 Draws £500 p c m

Flat 8 Draws £475 p c m

Flat 9 Draws £495 p c m 

Flat 10 Draws £395 p c m 

Flat 11 Draws £425 p c m 

Flat 12 Draws £450 p c m 


Total annual income of £63,180. 


We are informed with a local market value rental uplift the annual income could be in the region of £72,360.



TENURE: Freehold



PRICE IS A STARTING BID



VIEWING: By appointment through Kenricks 01253 420420


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Fee Information

The advertised rental figure does not include fees.