1 /2
£300,000
Beach Road, Cleveleys, FY5
- 0 beds
£300,000
- 0 beds
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Estimate monthly mortgage payment:
£1,370 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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DESCRIPTION: ** FOR SALE BY ONLINE AUCTION ** On behalf of Pattinson Auctions, Kenricks are pleased to offer this Investment Property comprising a Leased Tanning Salon and 6 Self Contained Flats for Sale.
This substantial double fronted property is situated in the busy all year-round trading location of Beach Road in the popular Town of Cleveleys, close to the Promenade and amenities.
The Salon and Flats currently draw a generous income of ?41,604 per annum, with potential to increase this with cosmetic renovations to flats.
Viewing highly recommended.
Tanning Salon
Entrance leading to Stylish Reception Area, with counter desk and leather seating for customers.
Hallway leading to:
4 Sunbed Rooms.
2 Sun Shower Rooms.
Toilet.
Room (was kitchen area).
Self Contained Flats
Ground Floor
Entrance leading to Hallway.
Meter Room
Flat 1
Open plan Lounge/Fitted Kitchen.
Bathroom comprising 3-piece suite.
Bedroom.
First Floor
Flat 2
Open Plan Lounge/Fitted Kitchen.
Bathroom comprising 3-piece suite.
Bedroom.
Flat 3
Lounge leading to Fitted Kitchen.
Bedroom 1.
Bedroom 2.
Shower and Toilet.
Flat 4
Lounge leading to Fitted Kitchen,
Bedroom 1.
Bedroom 2.
Bathroom comprising 3-piece suite with
shower over bath.
Second Floor
Flat 5
Lounge leading to Fitted Kitchen.
Bedroom 1.
Bedroom 2.
Shower and Toilet.
Flat 6
Lounge leading to Fitted Kitchen.
Bedroom 1.
Bedroom 2.
Bathroom comprising 3-piece suite.
Business: The tanning salon has a 10-year lease in place as of August 2021 and draws ?700 per calendar month rent.
We are informed that Flat 1 and Flat 2 each draw ?398.00 per calendar month. Flat 3 and 4 each draw ?520.00 per calendar month. Flat 5 draws ?520.00 per calendar month and Flat 6 draws ?411.00 per calendar month.
Total annual rent from the Flats and the Tanning Salon is ?41,604.
AGENTS NOTES: All flats have their own central heating boiler and have individual services. All Flats have individual intercom systems. Sale subject to the fees, terms and conditions of Pattinson Auctions.
PRICE IS STARTING BID
VIEWING: By appointment through Kenricks 01253 420420.
Property Reference INV442L
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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