The Property<br /> ***** INVESTMENT OPPORTUNITY*****<br /> <br /> *****NO CHAIN**** <br /><br />Fantastic opportunity for Investors to purchase an extremely good immediate business with this Detached property providing Four Large self contained Flats with Off road parking for multiple cars. Located in Blackpool the property is situated in close proximity to Schools and College's with local amenities,restaurants,shops and the Famous Blackpool Pleasure Beach within easy reach.<br />All flats are registered separately for council tax which is paid by Individual tenants and all flats are fitted with pre paid electric meters, making the management of the property worry free. <br /><br />Income:<br /><br />Flat 1, One Bedroom, £95 per week tenanted<br />Flat 2, One Bedroom, £95 per week tenanted <br />Flat 3, Two Bedrooms £110 per week tenanted<br />Flat 4, Two bedrooms, £125 per week tenanted<br /><br />Current income of £1,700 per 4 week period<br /> <br />The Flats are Managed by 2 local Letting Agent offering, Property Inspection, Rent collection, and general queries and management of the building.<br /><br />Book your viewing now to avoid disappointment as this is a fantastic opportunity not to be missed.<br /><br /><br /><br /><br />Property Description<br />Being Sold by GOTO Online Auctions<br /><br />Starting Bids from: £200000<br /><br />Buy it now option available<br /><br />Please call or visit GOTO Online Auctions for more information.<br /><br />This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department. <br /><br />Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions. <br /><br />To book a viewing visit GOTO Online Auctions.<br />Other costs to consider:<br />• You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.<br />• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.<br /><br /><br /><br />General Information<br />This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort. <br /><br />The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.<br /><br />Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £5,400 including VAT plus an administration charge of £354 including VAT, a total of £5,754. This secures the transaction and takes the property off the market.<br /><br />The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.<br />If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £354.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.<br /><br /><h3>Disclaimer for virtual viewings</h3><p>Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.</p><p>If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.</p>