Residential Portfolio in LA3
Marlborough Road, Heysham, Morecambe, Lancashire, LA3 1TP
Online auction
- Three Apartments In Heysham
- Flat 2 is currently let at £420pcm and Flat 3 is £400
- Long Term Tenants In Situ for Apartments 2 & 3
- MASSIVE Potential For Improvement & Value Add
- Short Walk To Promenade, Town Centre & Eden Development Site
- Sold With No Chain Delay
Residential Portfolio in LA3
*For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer to auction this three one bedroom apartments set over three floors of accommodation along with lower ground floor cellar space.
One apartment is currently rented at £400pcm and the other at £420pcm with the ground floor apartment needing cosmetically upgrading.
Great investment opportunity in Heysham. Three one bedroom apartments set over three floors of living accommodation.
Currently the first and second floor apartments are rented out at £420pcm and £400pcm but subject to improvements and relevant and appropriate reviews, there is a great deal of value to add to the property and overall investment.
Please note we have not inspected this property.
Summary
- Property Type: Residential Portfolio
- Tenure: Freehold
- Parking: Allocated
Location
Marlborough Road is in Heysham, near Morecambe in Lancashire. It's a quiet residential street with easy access to local shops, schools, and parks. The area offers beautiful views of Morecambe Bay, and Morecambe town is nearby with more services and transport links, making it a great place to live.
Accommodation
Ground floor apartment is in need of cosmetic upgrading but provides a fantastic opportunity to value add and increase yield. There are two spacious reception rooms along with a bedroom, fitted Kitchen, shower room and access to rear patio.
The first floor apartment comprises of a large bedroom, lounge area, storage room, split level Kitchen and a bathroom with shower over the tub.
The top floor apartment is a split level with bedroom, spacious and maintained Kitchen area along with a well proportioned shower room.
Tenure
Freehold. Title number LA626781.
Council Tax
Band A.
EPC
All available upon request.
Flat 1: Rating D
Flat 2: Rating C
Flat 3: Rating C
Additional Information
For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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