No longer on the market
This property is no longer on the market
Map2 bedroom property
Key information
Features and description
- 19 Self Contained Units
- Tenanted Investment Opportunity
- Drawing Circa £105,000 per annum
- Three Adjoining Properties
We are pleased to offer to auction this income producing investment opportunity comprising of 19 self-contained apartments set across three blocks and fully rented on AST’s.
A mix of studio, one and two bed apartments Currently producing circa £106,000 per annum.
Each unit is self-contained and has a kitchen and bath/shower room. The current owner has upgraded the apartments over the last two years and all are currently fully let.
The properties are situated on Park Road Bolton, adjacent to Chorley New Road which provides access to Bolton town centre and Middlebrook retail park as well as the M61 and motorway network. The area is serviced by several main bus routes and there are a variety of amenities close by including local primary and secondary schools.
Please note we have not inspected this property.
Rooms
Location
The properties are situated on Park Road Bolton, adjacent to Chorley New Road which provides access to Bolton town centre and Middlebrook retail park as well as the M61 and motorway network. The area is serviced by several main bus routes and there are a variety of amenities close by including local primary and secondary schools.
Accommodation
These properties are made up of 19 self contained apartments. 104 Park Road comprising of: Three x studio apartments, Two x one bed apartments, One x two bed apartment. Accommodation layout is as follows: Lower ground 1 x studio and potential room for one more to be added, Ground - 1 x one bed 1 x studio, First - 1 x 2 bed 1 x studio, Second - 1 x 1 bed.
106 Park Road comprising of: Three x studio apartments, Three x one bed apartments, One x two bed apartment. Accommodation layout is as follows Lower ground 1 x 2 bed, Ground 1 x studio, 1 x 1 bed, First 2 x studio 1x 1 bed, Second 1 bed flat.
108 Park Road comprising of: 6 x 1 bed apartments. Accommodation layout is as follows Lower ground 1 x 1 bed, Ground 2 x 1 bed, First 2 x 1 bed, Second floor 1 x 1 bed.
Within 108 Park Road, there is potential, subject to any required building or planning consent, to adapt two of the units into ...
Tenure
Leasehold: Title Number LA298947 and Title Number LA378138.
EPC
104: Flat 1, E. Flat 2, D. Flat 3, E. Flat 4, D. Flat 5, E. Flat 6, C. 106: Flat 1, E. Flat 2, D. Flat 3, E. Flat 4, D. Flat 5, D. Flat 6, E. Flat 7, E. 108: Awaiting confirmation.
Council Tax
All flats are band A.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
About this agent
