Buy a Blackpool hotel for just £1!

A Blackpool hotel is to be auctioned off next month, with an easily affordable starting price tag of just £1.

The Manor Hotel, which stands on the North Shore's Queen's Promenade, has been put up for sale with no reserve price, as the owners simply just want to get as quick a sale as possible.

The 28-bedroom property currently has a £200,000 turnover, and had previously been put on the market in 2009 for the sum of £600,000, but no buyer was found.

Nick Green, from Edward Mellor's Auctioneers, who are dealing with the sale, said the chances of it actually selling for a pound are almost negligible, but it was still likely to end up as a bargain for whoever does take it on.

"This is a fantastic opportunity to get a seafront hotel at a knock down price," he said. "The owners owns this hotel outright but is really keen to move on is prepared to take a gamble on having no reserve."

He said they have already fielded a huge wave of interest in the property, and said it would be interesting to see what it eventually goes for, as it will be a good way of determining how much the hotel is realistically worth from how much people are prepared to pay.

The hotel can be viewed on request and will go under the hammer at Lancashire Cricket Club, Manchester, on May 4.