£70,000
  • Ref: 26194
  • Availability: Sold STC
  • Bedrooms: 2
  • Bathrooms: 2
  • Reception Rooms: 2
  • Tenure: Freehold
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Property Features

  • For Sale by Online Auction
  • Ground Floor Flat Vacant - Requires Modernisation
  • First Floor Flat - Let for £463.66 PCM - Refurbished
  • Projected Income Circa £11,000 P.A.
  • Close to Fleetwood Town Centre
  • Converted with Planning Permission
  • Both Apartments are Spacious Throughout
  • Ideal Investment Opportunity
  • Gross Yield Circa 15% (based on start price)
  • Viewings Available in Person or via our 360 Virtual Tour

Property Summary

For Sale by Online Auction with a Starting Bid of £70,000. Two 1 Bedroom Flats, Converted with Planning Consent - GFF is Vacant - FFF tenanted at £463.66 PCM. Projected Income Once Fully Let is £11,000 P.A. T&Cs Apply. See WebbMove for all the Auction Details.

Full Details

FULL DESCRIPTION For Sale by Online Auction with a Starting Bid of £70,000. Terms & Conditions Apply. See WebbMove for all the Auction Details.

A rare opportunity to buy a pair of flats in Fleetwood which have been converted with full planning consent. Both flats are spacious throughout and are each self-contained with a lounge, kitchen, one bedroom and a bathroom. The ground floor flat is vacant and requires modernisation to make it lettable, once complete it could fetch circa £500 PCM. The first floor is currently let at £463.66 PCM and is in good condition.

Once fully let, the property would likely fetch circa £11,000 per annum, making the return (based on the starting price) around 15%.

Viewings are available either in person or via our 360 virtual tour.

GROUND FLOOR FLAT Currently vacant, once renovated it would likely fetch circa £500 PCM.

BEDROOM 10' 9" x 15' 2" (3.28m x 4.62m)

LOUNGE 13' 0" x 11' 0" (3.96m x 3.35m)

KITCHEN 8' 9" x 8' 10" (2.67m x 2.69m)

BATHROOM 8' 9" x 6' 11" (2.67m x 2.11m)

FIRST FLOOR FLAT In good condition and currently let for £463.66 PCM.

LOUNGE 14' 10" x 12' 1" (4.52m x 3.68m)

BEDROOM 9' 3" x 13' 2" (2.82m x 4.01m)

BATHROOM 6' 0" x 8' 10" (1.83m x 2.69m)

KITCHEN 8' 9" x 7' 3" (2.67m x 2.21m)

YARD TO REAR

AUCTION INFORMATION 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 26th March 2025. 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.