Vacant Mid Terrace Property Requires Full Refurbishment

The property was once a hotel, now requiring renovation but with tremendous potential. Set in an excellent location for Morecambe's promenade. Basement - Kitchen, utility, three basement rooms and bathroom. Ground Floor - Hallway, reception room and three bedrooms. First Floor - Three bedrooms, shower room and separate wc. Second Floor - Four bedrooms, shower room and separate wc. Third Floor - Three bedrooms and bathroom. There is a basement and four further floors. There is a yard and on street parking. A superb investment ideal for a variety of uses a spacious home, Bed & Breakfast, Airbnb, residential flats (Subject to the necessary plans/change of use being obtained). Please Note: The staircase leading down to the basement has loose steps, anyone viewing the property should access the basement level externally and not use the staircase. Tenure: Freehold Title number: LAN609990 Council Tax Band : A Local Authority: Lancaster Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Lancaster City Council

Solicitors

The Commercial Lw Practice, Ref: The Commercial Lw Practice

Offered in association with

FH Morecambe

Additional Fees

Buyer's Premium - £1500 inc VAT 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.