5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Burlington Road, Blackpool
£140,000

Price History

Initial price £160,000
02/06/25 £140,000
Price Change -12.50%

Description

This fully let converted terraced home is being offered for sale by auction and currently generates £19,448 per annum. The property features three one-bedroom apartments and a further two-bedroom apartment, providing a total of five bedrooms and three bathrooms. The property is already fully let, offering a steady income stream for the buyer. The auction will be held online, with a buyer's fee of 3.6% (plus VAT) payable in addition to the purchase price. The property is being sold with a legal pack, which includes all necessary documentation, and viewings can be arranged by registering on the Rocket Auctions website. With a potential fall-through rate of under 1%, and the auction process being five times quicker than traditional methods, this property presents a unique opportunity for cash buyers and mortgage buyers alike.