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3A Palatine Road, Blackpool, FY1 4BT

PROPERTY TYPE

House of Multiple Occupation

BEDROOMS

8

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Freehold HMO Investment
  • Eight Letting Rooms
  • Currently Let
  • - Producing £68,640 p.a.
  • Offered with Full Vacant Possession
  • Development Potential subject to any requisite consents
  • Established and Popular Location
  • Guide Price Reflects 39% Gross Yield on potential rent

Description

StrapLine

Auction Sale - 13/12/2023

Of Interest to Investors

Freehold HMO Investment Comprising Eight Rooms

Currently Let - Producing £68,640 per annum - To be sold with Full Vacant Possession


Description

The property comprises an eight bedroom, mid-terrace HMO currently fully let to NHS hospital students and producing £68,640 p.a. Arranged across ground, first and second floors, the property offers a huge amount of scope and opportunity, with a multitude of different options, be that continued use as an HMO or conversion/development to provide holiday lets, a bed & breakfast or hotel (subject to obtaining any requisite consents). The property will be being sold with full vacant possession upon completion.

The property is situated on the Northerly frontage of Palatine Road at its junction with Central Drive and the new Blackpool central 300 million pound leisure development that is under construction. Palatine Road is a popular road, which is within close proximity of a wide range of amenities, including Blackpool the sea front, and the Central Pier.

Blackpool itself is a popular tourist destination in the North West, along with good access to the surrounding towns.


Location

The property is located approximately 0.6 miles from Blackpool town centre and approximately 19 miles from Lancashire city centre. Blackpool and Fylde College/University Campus are also located 0.3 miles away.


Tenancy

The property is currently let as an HMO to the NHS by way of a private agreement. The total aggregate rent is £68,640 per annum.

The property is to be sold with Full Vacant Possession


Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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3A Palatine Road, Blackpool, FY1 4BT

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blackpool North Station0.6 miles
  • Blackpool South Station1.0 miles
  • Blackpool Pleasure Beach Station1.7 miles
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About the agent

Savills Auctions, London

33 Margaret Street London W1G 0JD

Savills Auctions are specialist residential and commercial property auctioneers with an unrivalled depth of experience and market knowledge.

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Disclaimer - Property reference 136-8691. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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