Studio flat for sale

*FOR SALE BY AUCTION* On behalf of Pattinson Auctions, Kenricks are pleased to offer this Investment Property for Sale.This Substantial 3 Storey Corner Property comprises of 5 Permanent Flats. 1 x 2 Bed Flat, and 4 x 1 Bed Flat Plus Lock Up/Garage.The property is situated in the all year-round trading location of Lytham Road Blackpool, being close to shops and amenities. The flats are in very good order throughout, which is reflected in the long-standing tenants, 4 out of 5 which are let on shorthold tenancy agreements and generating an annual income of ?21,164, with potential to increase to ?26,000 + pa. once fully let.Viewing Recommended.Ground Floor Main communal entrance leading to hallway.Flat 1 Fabulous Lounge area with wood effect flooring, high ceiling, and bay window.Open plan dining room leading to fitted kitchen.Bedroom with fitted robes.Bathroom comprising 4-piece suite. Lower Ground FloorCellar area with storage.First FloorFlat 2Lounge leading to Fitted kitchen BedroomShower and toilet.Flat 3LoungeFitted kitchenBedroom 1Bedroom 2Shower and toilet.Second FloorFlat 4Lounge leading toFitted kitchenDouble bedroomShower and toilet.Flat 5Lounge with feature fireplace Fitted kitchenDouble bedroomShower and toilet. EXTERIOR; Car park to the front, providing car parking for 3 motor vehicles.Small garden area to the side of the property, for the use of Flat 1.Enclosed yard area at the rear of property with lock up garage, which is currently used by the landlord.AGENTS NOTES: All flats have electric meters. The property is central heated and is double glazed. Sales subject to the fees, terms and conditions of Pattinson Auctions.BUSINESS: We are informed Flat 1 draws ?117 pw, Flat 2,3,4 and 5 draw ?95 pw. When fully let the property draws ?26,104 pa.Additional income could be generated from the lock up garage.TENURE: FreeholdPRICE IS A STARTING BIDVIEWING: By appointment through Kenricks 01253 420420.Property Reference INV040M