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 Self Contained Permanent Flats. Including 1 x 3 Bed Flat, and 4 x 2 Bed Flats. Plus, Garage and Car Parking.The property is situated in the popular residential location of Warley Road in North Shore, Blackpool. The flats are in good order throughout, which is reflected in the long-standing tenants, currently drawing an annual income of ?29,472. We are advised the rents are due for renewal shortly on 4 of the flats and Flat 1 has been rented at a discounted rate due to the tenant being a caretaker for the property. The potential once reviewed is in the excess of ?34,000 per annum, making the property an ideal investment opportunity.Viewing Recommended.Ground Floor Main communal entrance containing separate Gas and Electric Meters. leading to hallway.Flat 5 (3 Bed Flat)Can be accessed via separate external entrance to the rear of the property, giving access to a private paved Patio area.Galley Style Fitted Kitchen.Double Bedroom.Shower and Toilet.Spacious Hallway.Lounge/Diner with bay window.Double Bedroom.Double Bedroom.Flat 1 (2 Bed Flat)Can be accessed via separate external entrance from the side garden leading to:Fitted Kitchen.Lounge/Diner with bay window leading to: Hallway with access to:Double Bedroom with bay window.Double Bedroom.Shower and toilet.Flat 4 (2 Bed Flat)Internal Staircase leading to First FloorLanding area with access to all rooms.Galley style modern fitted kitchen.Lounge with period fireplace and bay window.Shower and Toilet.Double Bedroom. Double Bedroom.First FloorFlat 2Lounge.Fitted Kitchen.Double Bedroom.Double bedroom.Shower and Toilet.Flat 3Internal Staircase leading to Second Floor landing with access to all rooms. Lounge. Kitchen. Dining area. Double Bedroom with Velux windows and vaulted ceiling. Spacious storage area leading to: Bathroom with 3-piece suite, with shower over bath. Double bedroom with vaulted ceilings, Velux window and generous sized cupboards built into the eaves space.EXTERIOR; Car parking to the side of the property for 3 ? 4 motor vehicles.Garage.Small paved yard area to the rear of the property, for the use of Flat 5.Wrap around grass garden space, from the front to the side of the property.AGENTS NOTES: All flats have electric meters. Flat 1 has gas central heating, the remaining flats have electric heating.Sales subject to the fees, terms and conditions of Pattinson Auctions.BUSINESS: We are informed Flat 1 draws ?368 pcm, Flat 2 draws ?493 pcm, Flat 3 draws ?470 pcm, Flat 4 draws ?525 pcm and Flat 5 when let draws ?600 pcm. When fully let the property draws ?29,472 pa.Additional income could be generated from the lock up garage and we believe an increase could be made in individual rents. TENURE: FreeholdPRICE IS A STARTING BID.VIEWING: By appointment through Kenricks 01253 420420.Property Reference INV105M