Pair of Semi-Detached Houses – Converted To 9 Flats

A pair of semi-detached properties that have been converted into 9 individual flats. 194 contains 4 flats (3 x 2 beds and 1x 4 bed) and 5 flats (3 x 1 bed & 2x bedsits) to 196. The flats require upgrades / refurbishment and we have been informed that the Council have issued enforcement notices for works to be done also. Externally there is a surfaced parking area to the front and gardens to the rear. The property is also known as Villa Mar.

Tenure

Freehold

Tenancies

We have been informed that the flats are let as follows: - 194 Ground Floor Flat 1 – vacant – needs refurb – front lounge with kitchen and separate utility off, 4 x bedrooms, shower-room and door to rear garden. 1st Floor Flat 2 (rear) - £120 per week – open plan lounge/kitchen, 2x bedrooms and shower-room (was vacant on inspection) Flat 3 (front) – vacant - open plan lounge/kitchen (door to balcony at front), 2x bedrooms and shower-room 2nd Floor Flat 4 - £135 per week – lounge, separate kitchen, 2x bedrooms (1x en-suite) and shower-room. 196 Ground Floor Flat 1a (front) - £95 per week – lounge, separate kitchen, bedroom and bathroom Flats 1b (rear) - £85 per week – bedsit Flat 1c (rear) – vacant – bedroom/lounge with shower and whb off, separate WC and kitchen Flat 1d (front) - £105 per week - open plan lounge/kitchen, bedroom, box-room and bathroom 2nd Floor Flat 1e – vacant (now tenanted on inspection – unknown rent) – lounge, separate kitchen, bedroom and bathroom. Based on the above, the current rental is £540 per week / £28,080 pa with 4 x flats vacant. In good order the flats could produce in excess of £1,000 per week / £52,000 pa We are unable to confirm or verify the above as no tenancy agreements have been provided.

Accommodation

As per the current EPC, the property shows: 194 Flat 1: 34 m2 Flat 2: 33 m2 Flat 3: 35 m2 Flat 4: 67 m2 196 Flat 1a: 42 m2 Flat 1b: 24 m2 Flat 1c: 29 m2 Flat 1d: 24 m2 Flat 1e: 30 m2 Located fronting directly on to The Promenade in the Bispham area north of Blackpool, opposite Bispham Beach, midway between Cavendish Road and Bispham tram stops.

EPC's

194 Flat 1, E Flat 2, D Flat 3, D Flat 4, D 196 Flat 1a, C Flat 1b, D Flat 1c, E Flat 1d, E Flat 1e, E

IMPORTANT INFORMATION

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Local Authority

Blackpool Borough Council

Solicitors

LA Law, Ref: LA Law

Offered in association with

Sanderson Weatherall

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price, payable on exchange of contracts.

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.