194 & 196 Queens Promenade, Blackpool, Lancashire FY2 9JS

Online auction 15th - 16th October 2024

Pair of Semi-Detached Houses – Converted To 9 Flats

A pair of semi-detached properties that have been converted into 9 individual flats. 194 contains 4 flats (3 x 2 beds and 1x 4 bed) and 5 flats (3 x 1 bed & 2x bedsits) to 196.

The flats require upgrades / refurbishment and we have been informed that the Council have issued enforcement notices for works to be done also.

Externally there is a surfaced parking area to the front and gardens to the rear.

The property is also known as Villa Mar.

Tenancies We have been informed that the flats are let as follows: -
194
Ground Floor
Flat 1 – vacant – needs refurb – front lounge with kitchen and separate utility off, 4 x bedrooms, shower-room and door to rear garden.
1st Floor
Flat 2 (rear) - £120 per week – open plan lounge/kitchen, 2x bedrooms and shower-room (was vacant on inspection)
Flat 3 (front) – vacant - open plan lounge/kitchen (door to balcony at front), 2x bedrooms and shower-room
2nd Floor
Flat 4 - £135 per week – lounge, separate kitchen, 2x bedrooms (1x en-suite) and shower-room.

196
Ground Floor
Flat 1a (front) - £95 per week – lounge, separate kitchen, bedroom and bathroom
Flats 1b (rear) - £85 per week – bedsit

Flat 1c (rear) – vacant – bedroom/lounge with shower and whb off, separate WC and kitchen
Flat 1d (front) - £105 per week - open plan lounge/kitchen, bedroom, box-room and bathroom
2nd Floor
Flat 1e – vacant (now tenanted on inspection – unknown rent) – lounge, separate kitchen, bedroom and bathroom.

Based on the above, the current rental is £540 per week / £28,080 pa with 4 x flats vacant. In good order the flats could produce in excess of £1,000 per week / £52,000 pa

We are unable to confirm or verify the above as no tenancy agreements have been provided.
Accommodation As per the current EPC, the property shows:
194
Flat 1: 34 m2
Flat 2: 33 m2
Flat 3: 35 m2
Flat 4: 67 m2
196
Flat 1a: 42 m2
Flat 1b: 24 m2
Flat 1c: 29 m2
Flat 1d: 24 m2
Flat 1e: 30 m2


Located fronting directly on to The Promenade in the Bispham area north of Blackpool, opposite Bispham Beach, midway between Cavendish Road and Bispham tram stops.
EPC's 194
Flat 1, E
Flat 2, D
Flat 3, D
Flat 4, D
196
Flat 1a, C
Flat 1b, D
Flat 1c, E
Flat 1d, E
Flat 1e, E
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Tenure: Freehold

Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Buyer's Premium Fee: 1.2% inc VAT of the purchase price, payable on exchange of contracts.

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