FULL DESCRIPTION For Sale by Online Auction with A Starting Bid of £240,000. Terms & Conditions Apply. See WebbMove for all the Auction Details.

A rare opportunity to purchase a substantial (almost 3,000 sq. ft.) BLOCK OF 6 APARTMENTS WITH 2 GARAGES located in a sought after position of Bispham, right by the picturesque Queen's Promenade. 5 of the apartments and the 2 garages are currently let, with the final apartment expected to be let shortly for circa £400PCM. Once fully let, the block will fetch circa £33,400 per annum - almost a 14% yield gross!! (based on the starting price).

THERE IS ALSO THE OPPORTUNITY TO PURCHASE A SECOND BLOCK OF APARTMENTS LOCATED ON NORTHUMBERLAND AVENUE, BOTH BLOCKS WOULD COME AS A PORTFOLIO AT A DISCOUNTED RATE. PLEASE ASK STEVEN IN THE SALES TEAM FOR FURTHER INFORMATION.

At a glimpse, the building offers:-

Ground Floor Flat - a huge 3 bedroom apartment with large lounge/dining room/conservatory and a family bathroom. Currently let for £606.67 p/m

Flat 1 - a 1 bedroom apartment. Currently let for £390PCM

Flat 2 - a 1 bedroom apartment. Currently let for £390PCM

Flat 3 - a 1 bedroom apartment. Currently let for £411.67PCM

Flat 4 - a 1 bedroom apartment. Currently let for £411.67PCM

Flat 5 - a studio apartment which has recently been decorated. Currently vacant but expected to fetch circa £400PCM

2 Garages to the Rear - £173.33PCM

For further information on the layout/individual flats, please see the floor plans, the virtual tour, or inquire now by calling Tiger Estates and asking for Steven Whittaker.

This property is for sale by online auction under WebbMove Auctions ('The Auctioneer'). Lots sold by the Auctioneer will typically be sold under unconditional auction terms.

The auction end date for this property is scheduled for 6th January 2024. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.

Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.

Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.

Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.

For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions. We recommend seeking the advice of a competent legal advisor before placing a bid.

Looking to SELL by AUCTION rather than BUY? Get in touch for your free valuation! You never know, your property may be worth more than you think.

WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.