Lot
025
Auction: July 2024 Online Auction 17/07/2024 - Bidding opens Tuesday 16th July 10:00 AM

37 & 39 Queen Street, Blackpool, Lancashire, FY1 1NL

Property Details
Location
Auction Details
Description
A mixed use town centre investment opportunity comprising a mid terrace property extending to a total of 353 SqM (source EPC) detailing a ground floor retail unit (currently used as storage) and 3 x 2 bedroom flats and 1 x 1 bedroom flat to the upper floors. The property is fully let and producing an annual income of approximately £31,000. The flats benefit from gas central heating.
Location
The property fronts onto Queen Street, close to it's junction with Abingdon Street (A586) in Blackpool Town Centre, a short walk from North & Central Pier. A variety of independent and national retailers and restaurants are situated locally.
Accommodation
The below measurements have been taken from the EPC register;

Ground Floor  
Main retail area, kitchen, bathroom (110 SqM / 1184 Sq Ft)

First Floor 
Flat 1 - kitchen / diner, 1 x bedroom with shower and sink, w.c. (38 SqM / 409 SqFt)
Flat 2 - kitchen / diner, 2 x bedrooms, bathroom, w.c. (49 SqM / 527 SqFt)

Second Floor
Flat 3 - kitchen / diner, 2 x bedrooms, bathroom, w.c. (77 SqM / 828SqFt)
Flat 4 - kitchen / diner, 2 x bedrooms, bathroom, w.c. (79 SqM / 850 SqFt)
Tenancy

Ground Floor3 year retail lease dated 1/2/24 at £8000p/a. Tenant has right to terminate the lease on 1st October providing they give 21 days notice
Flat 16 month AST dated 8/4/23 at £95p/wk  
Flat 26 month AST dated 15/8/23 at £120p/wk  
Flat 36 month AST dated 19/10/20 at £495pcm 
Flat 46 month AST dated 21/11/20 at £500pcm

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 16TH JULY AND CLOSES ON WEDNESDAY 17TH JULY.

3. Energy Performance Certificate: 37 = D , 39 Flat 1 = E, Flat 2 = C, Flat 3 = C, Flat 4 = C.

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