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Residential properties for auction in Lower Darwen, Lancashire

Create Alert 18 results Sorry, we currently do not have any listings in 0 miles of Lower Darwen, Lancashire - Please find below the nearest listings available.
New
A three bedroom end of terrace house in need of modernisation, well located close to the shopping facilities of Wigan. Vacant.

THERE IS NO NEED TO CALL THE AUCTION OFFICE TO PRE-BOOK OR CONFIRM ATTENDANCE.
EACH VIEWING WILL LAST 20 - 30 MINUTES.

Open viewings on
11.15 Friday 08 Jun - Add to Calendar
11.15 Monday 11 Jun - Add to Calendar
11.15 Wednesday 13 Jun - Add to Calendar
11.15 Friday 15 Jun - Add to Calendar

Tenure
Freehold.

Location
Located near to the junction with Norley Hall Avenue
Local shopping facilities and restaurants can be found nearby along City Road, Ormskirk Road and in the centre of Wigan
The recreational amenities of Alexandra Park and The DW Stadium are easily accessible
Wigan, Pemberton

Description
A two storey end of terrace house
In need of modernisation
Potential for extension to the side
Rear garden

Accommodation
Ground Floor – Two Reception Rooms, Kitchen
First Floor – Three Bedrooms, Bathroom/WC

Viewing
Please refer to our website savills.co.uk/auctions

Ready to bid?
See our buyers guide to find out what to do next.
1, Helvellyn Road, Wigan, WN5 9UP
A three bedroom end of terrace house
Type: House, Residential
Location: 1 Helvellyn Road, WN5 9UP
Images: 1
Brochures: 1
View Property
New
A three bedroom semi-detached house in need of modernisation, with garage, well located close to the shopping facilities of Preston. Vacant.

THERE IS NO NEED TO CALL THE AUCTION OFFICE TO PRE-BOOK OR CONFIRM ATTENDANCE.
EACH VIEWING WILL LAST 20 - 30 MINUTES.

Open viewings on
12.30 Friday 08 Jun - Add to Calendar
12.30 Monday 11 Jun - Add to Calendar
12.30 Wednesday 13 Jun - Add to Calendar
12.30 Friday 15 Jun - Add to Calendar
Six Week Completion

Tenure
Freehold.

Location
Located near to the junction with Cleveleys Avenue
Extensive shopping facilities and restaurants can be found nearby in the centre of Preston
The recreational amenities of Mill Lane Park are easily accessible
Royal Preston Hospital is located nearby
Preston

Description
A two storey semi-detached house
In need of modernisation
Rear garden
Potential for side extension

Accommodation
Ground Floor – Two Reception Rooms, Kitchen
First Floor – Three Bedrooms, Bathroom/WC

Viewing
Please refer to our website savills.co.uk/auctions

Ready to bid?
See our buyers guide to find out what to do next.
15, Rossall Drive, Preston, PR2 3SL
A three bedroom semi-detached house
Type: House, Residential
Location: 15 Rossall Drive, PR2 3SL
Images: 1
Brochures: 1
View Property
Features
Three-bedroom terrace
Let at £450 pcm (£5,400 per annum)
Gross yield of 12%
Popular residential location
Close to the town centre
Excellent transport links
Freehold

Location
This property is located on Sandpiper Square, off Villiers Street in Burnley. There are many surrounding amenities in the immediate area including: Farmfoods, an Indian takeaway, Cohens Pharmacy and a variety of schooling options.
Burnley is a market town in Lancashire. It is situated approximately 27 miles north of Manchester via the A56 and 20 miles east of Preston via he M65.
Lancashire is a county in north west England on the west coast between Scotland and Wales. The closest cities are Manchester, to the southeast, and Liverpool, to the south.

Description
• For Sale By Online Auction: 19th – 20th June 2018
• Guide Price: £45,000+
• Three Bedroom end terrace property
• Tenanted: income of £5,400 per annum
• Yield of 12% based on the guide price
• Freehold

This property offers accommodation set over two storeys. Accommodation comprises a kitchen, lounge area, three bedrooms and a family bathroom.
Externally, the property has a fenced yard area to the front. The property also benefits nearby on street parking on Villiers Street.

Accommodation
Total – 94 m2 (1,011ft 2)
(Measurements taken from the EPC).

Services
Interested parties should carry out their own investigations.

Tenure
Freehold

Investment Analysis
The property is tenanted at £450 pcm (£5,400 per annum). This represents a gross yield of 12%, based on the guide price.

Council Tax
The property is rated in Council Tax Band A. Council tax payable per annum is £1,086.

Guide Price
£45,000+

Buyer’s Premium
£3,000 inc. VAT.

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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

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7, Sandpiper Square, Burnley, BB11 5RR
Three Bedroom End Terrace Property – Income of £5,400 per annum – Gross Yield of 12%
Type: Residential, House
Location: 7 Sandpiper Square, BB11 5RR
Images: 1
Brochures: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Nine X 2 bedroom self contained apartment conversion circa 2008. Converted from Helme Mill this whole block of apartments comprises three X 2 bedroom units to ground floor, three X 2 bedroom units to first floor & three X 2 bedroom units to second floor. Five let, four vacant. Grade II Listed. Fully let income circa £42,000 - £45,000pa. Further details to follow.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating B, B, B, B, B, B, B, C & C

Local Authority

Burnley Borough Council

Additional Fees

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
17A, B & C & 19A, B, C, D, E & F, Ightenhill Street, Burnley, BB12 8PY
9 X 2 Bedroom Self Contained Apartment Conversion circa 2008. Gross Income £42,000 - £45,000 when Full Let
Type: Flat, Residential
Location: 17A, B & C & 19A, B, C, D, E & F Ightenhill Street, Burnley, BB12 8PY
Images: 8
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Not internally inspected however comprising a two storey corner property beneath a pitched roof comprising ground floor retail area with one bedroom flat to the first floor. According to the VOA the ground floor provides a net internal floor area of
37.6 sq m (405 sq ft).

The property is situated on the corner of Cog Lane and Venice Street close to the junction with Accrington Road (A679) in a predominantly residential area. The property may suit conversion back to residential subject to the necessary consents being obtained.

Tenure

To be Confirmed in Legal Pack

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Burnley Borough Council

Additional Fees

Buyer's Premium - £900.00 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
176, Cog Lane, Burnley, BB11 5BG
Vacant Retail Unit with One Bedroom Flat
Type: Residential, Retail, Flat
Location: 176 Cog Lane, BB11 5BG
Images: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Traditional two bedroom terraced house with two reception rooms. Entrance hall, living room, dining room, kitchen, first floor landing, bedroom one, bedroom two, bathroom, yard to rear. Gas central heating & double glazing where fitted.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Rossendale Borough Council

Additional Fees

Buyer's Premium - £4,200 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
8 Carlton Terrace, Alma Street, Bacup, OL13 9JA
Traditional Two Bedroom Terraced House with Two Reception Rooms
Type: House, Residential
Location: 8 Carlton Terrace Alma Street, Bacup, OL13 9JA
Images: 3
Brochures: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Two bedroom two reception mid terraced house with kitchen extension. Entrance, lounge, dining room, kitchen, first floor bedroom one, bedroom two, bathroom & yard to rear. Gas central heating & double glazing where fitted.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Bolton Metropolitian Borough Council

Additional Fees

Buyer's Premium - £1,020 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
39, Ainsworth Street, Bolton, BL1 3JU
Two Bedroom Two Reception Mid Terraced House with Kitchen Extension
Type: House, Residential
Location: 39 Ainsworth Street, BL1 3JU
Images: 7
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

A mid terrace building arranged as 2 x one bedroom flats. Not inspected by Auction House, we are advised by the vendor that both flats are let on AST's with a combined rental income of £7,860pa. Prospective purchasers are advised to check the legal pack to confirm tenancy details as Auction House have not had sight of these at the time of cataloguing.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Preston City Council

Additional Fees

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
185 & 185A, Plungington Road, Preston, PR1 7UB
A Mid Terrace Building Arranged as 2 x One Bedroom Flats. Both Let with a Combined Income of circa £7,860.00
Type: House, Residential
Location: 185 & 185A Plungington Road, Preston, PR1 7UB
Images: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

A prominent double fronted commercial building in need of refurbishment throughout, which benefits from planning consent dated January 2014 ref: 91095/30 for change of use to restaurant. Internally the property is in a shell condition, briefly comprising: Ground floor - two rooms Basement Cellar First Floor - 4 rooms which are considered suitable for conversion to 2no one bed self-contained flats, subject to the necessary consents being obtained.. The property is prominently situated fronting Blackburn Road (A666), close to the junction with Waters Meeting Road and McDonalds Restaurant.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Local Authority

Bolton Metropolitian Borough Council

Additional Fees

Buyer's Premium - £2,200 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
364-366, Blackburn Road, Bolton, BL1 8NE
Vacant Double Fronted Commercial Property with consent for Restaurant Use and Potential for 2no One bed Flats at First Floor
Type: Flat, General Retail, Restaurant/Cafes, Residential, Retail
Location: 364-366 Blackburn Road, Bolton, BL1 8NE
Images: 7
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Prominent two storey corner property, comprising ground floor sandwich shop/cafe together with self-contained one bed flat to the first floor, offering open plan living room, kitchen, shower room and bedroom together with attic storage.

We are informed by the vendor that the property is currently tenanted as follows:

Ground floor sandwich shop - let by way of a three year lease from October 2017 at a rental of £6,500 pa

First floor one bed flat - currently let at a rental of £4,248 pa

The total rental income is therefore £10,748 pa.

Leases and further information is contained in the legal pack.

Tenure

To be Confirmed in Legal Pack

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Energy Efficiency Rating (EPC)

Current Rating D & E

Local Authority

Burnley Borough Council

Additional Fees

Buyer's Premium - £900.00 including VAT payable in addition to the Administration Fee

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
197-199, Oxford Road, Burnley, BB11 3HB
Tenanted Sandwich Shop plus Self-Contained One Bedroom Flat Producing £10,748 pa
Type: Flat, General Retail, Restaurant/Cafes, Mixed Use, Residential, Retail, Other Property Types & Opportunities
Location: 197-199 Oxford Road, Burnley, BB11 3HB
Images: 2
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Substantial double fronted HMO briefly comprising 12 letting rooms with ancillary accommodation arranged over lower ground, ground, first and second floors. External rear yard.

We have been provided with a tenancy schedule showing the rooms are let for between £195 pcm up to £265 pcm and currently producing £32,220 pa (including income from hoarding) with one letting room vacant. When fully let should produce c£35,580 pa.

An updated tenancy schedule is to be provided within the legal pack.

The property is situated on the South side of Wash Lane (B6221), close to the junction with Bell Lane (B6222), approximately ¼ mile east of Bury town centre.

Tenure

To be Confirmed in Legal Pack

60 day completion period available

Ground Floor:

Communal lounge, dining room, kitchen, shower room/w.c. Letting room 1 and letting room 2

First Floor:

2no. Bathrooms, shower-room, cloakroom/w.c. 6 letting rooms

Second Floor:

4 letting rooms

Basement:

2 storage rooms

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Bury Metropolitian Borough Council

Additional Fees

Buyer's Premium - £900.00 including VAT payable in Addition to the Administration Fee

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
8-10, Wash Lane, Bury, BL9 6AS
Currently producing £32,220 with one letting room vacant. When fully let should produce c£35,580 pa.
Type: House, Residential
Location: 8-10 Wash Lane, BL9 6AS
Images: 8
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

One bedroom first floor flat lwt in an AST at £295.00 pcm/£3,540.00 pa

Tenure

To be Confirmed in Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Bolton Metropolitian Borough Council

Additional Fees

Buyer's Premium - £900.00 including VAT payable in addition to the Administration Fee

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
224B, Chorley Old Road, Bolton, BL1 3BW
One Bedroom First Floor Flat Let on an AST at £295 pcm/£3,540 pa
Type: Flat, Residential
Location: 224B Chorley Old Road, Bolton, BL1 3BW
Images: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

One bedroom first floor flat lwt in an AST at £295.00 pcm/£3,540.00 pa

Tenure

To be Confirmed in Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating G

Local Authority

Bolton Metropolitian Borough Council

Additional Fees

Buyer's Premium - £900.00 including VAT payable in addition to the Administration Fee

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
224A, Chorley Old Road, Bolton, BL1 3BW
One Bedroom First Floor Flat Let on an AST at £295 pcm/£3,540 pa
Type: Flat, Residential
Location: 224A Chorley Old Road, Bolton, BL1 3BW
Images: 1
Brochures: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

A Four Bedroom Mid Terraced House. Only following an internal inspection can the size of this character property be fully appreciated. Ideally located for local amenities and Heywood Town Centre and boasts impressive views overlooking St James Church. Whilst the property does require refurbishment throughout and repair, some of which may be structural, once completed it will make a superb family home. Briefly comprises, Porches to front and rear, Lounge, Dining Room, Kitchen/Diner, Four Bedrooms, Bathroom and Two Cellar Rooms. There is a garden to the front and a yard to the rear.

Tenure

See legal pack

Ground Floor

Porch
Entrance Hall
Lounge 12’6” x 12’4” (3.80m x 3.76m)
Dining Room 15’0” x 13’3” (4.57m x 4.04m)
Kitchen 18’4” max x 11’7” (5.60m x 3.53m)

First Floor

Landing
Bedroom One 14’10” x 13’5” (4.52m x 4.10m)
Bedroom Two 12’3” x 12’3” (3.73m x 3.73m)
Bedroom Three 11’8” x 11’8” max (3.56m x 3.56m max)
Bedroom Four 7’3” x 6’4” (2.20m x 1.93m)
Bathroom

Cellar

Two Rooms

Outside

There is a garden to the front and a yard to the rear.

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Rochdale Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT, subject to a minimum of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
13, St. James Grove, Heywood, OL10 1HN
A Four Bedroom Mid Terraced House
Type: House, Residential
Location: 13 St. James Grove, Heywood, OL10 1HN
Images: 9
Brochures: 1
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*Unsold, the last bid was £95,000. Please refer to Auctioneer for Reserve*

The property comprises a three bedroom mid terrace house arranged over ground and two upper floors.

Exterior
The property benefits from front and rear gardens.

Tenure

Freehold

Location

The property is situated on a residential road in Darwen area of Blackburn close to local shops and amenities. There are numerous green open spaces within easy reach. Transport links are provided by Darwen rail station.

Accommodation

Ground Floor
Reception Room
Kitchen
Cloakroom

First Floor
Two Bedrooms
Bathroom with WC & wash basin

Second Floor
Master Bedroom with En-suite Shower Room

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing February 2017 at a rent of £535 per calendar month (Holding Over).

This property has not been internally inspected by Auction House London

Current Rent Reserved £6,420 per annum

Viewing Details

Open House Viewings To Be Confirmed

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £780 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
10, Rose Street, Darwen, BB3 3DN
A Three Bedroom Mid Terrace House Subject to an Assured Shorthold Tenancy Producing £6,420 per annum
Type: Residential, House
Location: 10 Rose Street, BB3 3DN
Images: 1
Brochures: 1
View Property
Features
Long leasehold ground rent investment opportunity
10% increase in ground rents every ten years
Ground rent per property £100 pa
Total ground rent £1,600 pa
10.6 % yield based on the lower guide price
Underleases for 800 years from 1 July 2013
10 town houses and six bungalows
Properties all in reasonably good condition
UPVC double glazed windows throughout
Site area: approximately 0.87 acres

Location
The site is located off Westleigh Lane in Leigh, approximately seven miles southeast of Wigan, which is a large town in the Metropolitan County of Greater Manchester. Manchester is approximately 17 miles east of the property. Bolton is seven miles northeast, and Warrington is 11 miles to the south.
The site is more specifically located on the western side of Westleigh Lane on Trinity Close, between the junctions of Ingham Street to the south and Alma Street to the north. Westleigh Lane provides easy access to Leigh town centre via Atherleigh Way (A579).
Good road links are provided by the A579, A58 and A580 into Manchester to the east.
The immediate area is characterised by predominantly residential property, but with some commercial occupiers operating nearby on Westleigh Lane. Within the local area, there is an ASDA Superstore, Sainsbury’s, B & Q, and Westleigh post office. There are numerous schooling options within the local area including Westleigh High School and St Johns C of E Primary School.

Description
• For Sale By Online Auction: 19th – 20th June 2018
• Guide Price: £15,000 – £20,000+
• Long leasehold ground rent investment opportunity
• 10% increase in ground rents every ten years
• Ground rent per property £100 pa
• Total ground rent £1,600 pa
• 10.6 % yield based on the lower guide price

The site is a development of 16 properties located on a cul de sac off Westleigh Lane. Within the development there are 10 town houses and six bungalows. The properties are all modern and externally appear to be in a reasonable to good condition.

A row of five town houses have been constructed at the front of the site, with the main entrance leading onto Westleigh Lane. The other five terraced town houses have been constructed within the middle section of the site, and the row of six terraced bungalows are to the rear of the site.

The properties are of a traditional brick construction with pitched and tiled roofs, UPVC double glazed windows, plastic guttering and down pipes, and velux windows.

Trinity Place is tarmacadam surfaced and includes 13 car parking spaces, and two disabled car parking spaces. The row of five town houses within the middle section of the site have their own driveway.

The site has been fully developed out, and no further opportunities exist to construct more homes.

Accommodation
Site area: approximately 0.35 hectares (0.87 acres).

Investment Analysis
The property is owned long leasehold, under three separate leases, each for 999 years. The leases are dated 23 July 1855, 22 June 1877 and 24 September 1890.
There are 16 underleases for a term of 800 years from 1 July 2013, each paying an annual ground rent of £100. The total annual ground rent currently received is £1,600.
The ground rent for all 16 leases increases by ten percent on every tenth anniversary of the term, until the end of the lease term.

Tenure
Long Leasehold – please refer to the legal pack for further details.

Guide Price
£15,000 – £20,000+

Buyer’s Premium
£3,000 inc. VAT.

Sell Your Property
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

• 0% Seller Fee
• £0 Entry Fee
• £0 Marketing Costs
• 20 Working Day Completion
• Monthly auctions
Land and Buildings on the south west side of, Westleigh Lane, Leigh, WN7 5JE
Long Leasehold Ground Rent Investment Opportunity – 10.6 % yield based on the lower guide price 16 Rising Ground Rents – £1,600 pe...
Type: Residential, Other, Other Property Types & Opportunities
Location: Land and Buildings on the south west side of Westleigh Lane, Leigh, WN7 5JE
Images: 3
Brochures: 1
View Property
Features
Freehold interest of 17 modern town houses
Total income of £2,550 pa
Gross yield equates to 10.2% on the lower guide price
999 year leases from 1st January 2014
Modern Development
Traditional stone construction and pitched slate roofs
The site extends to approximately 0.74 hectares (1.84 acres)

Location
The development site is located within the Rossendale Valley in Lancashire, between the towns of Rawtenstall to the north and Waterfoot to the south. More specifically, the site is accessed directly from the northern side of Bacup Road (A681) onto Bridgewood Close.
The property is approximately 17 miles north of Manchester, 22 miles east of Preston, and 45 miles south east of the county town of Lancaster. The small towns of Bacup, Haslingden and Ramsbottom are all nearby, within the Rossendale area.
The immediate area is predominantly characterised by a mixture of residential and commercial occupiers. Nearby schools include: Belmont Primary School and Bacup & Rawtenstall Grammar School both of which are within one mile of the property. Good road links are provided by the A681, A56 and M66.

Description
• Online Auction date 19th & 20th June 2018
• Guide Price £25,000
• Freehold ground rent income of £2,550 pa
• Gross yield equates to 10.2% on the lower guide price
• 999 year leases from 1st January 2014

The development comprises of 17 modern town houses on a level site. Some of the properties to the left-hand side and rear of the site occupy good sized plots which extend into the river on the north and eastern perimeter of the site.
All 17 properties are of a traditional stone construction with pitched slate roofs and UPVC double glazed windows. Each property, other than No 12 Bridgeweood Close, has its own private driveway, accessed directly off Bridgewood Close, which runs through the centre of the development.

Accommodation
The site extends to approximately 0.74 hectares (1.84 acres)

Investment Analysis
The freehold title includes 17 long leasehold interests held for a term of 999 years from 1 January 2014. Each property pays an annual ground rent of £150. The total annual ground rent currently received would be £2,550, reflecting a yield fo 10.2% on the lower guide price. The ground rent for all 17 leases increases by ten percent on every tenth anniversary of the term, until the end of the lease term.

Services
Interested parties are recommended to make their own enquiries.

Tenure
Freehold

VAT
Interested parties are recommended to make their own enquiries.

Buyer’s Premium
£3,000 inc. VAT

Sell Your Property
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

• 0% Seller Fee
• £0 Entry Fee
• £0 Marketing Costs
• 20 Working Day Completion
• Monthly auctions
390, Bacup Road, Rossendale, BB4 7JJ
Ground Rent Investment Opportunity – 10.2% Yield Freehold For Sale Six Rising Ground Rents – £2,550 per annum
Type: Residential, Other, Other Property Types & Opportunities
Location: 390 Bacup Road, BB4 7JJ
Images: 1
Brochures: 1
View Property
*THIS PROPERTY IS STILL AVAILABLE FOR OFFERS, PLEASE CONTACT AUCTIONEER FOR DETAILS*

Features

Large three-bedroom mid terrace
Potential to convert to mixed use or three flats
Accommodation over two storeys and attic
Fitted kitchen and bathroom
Approximately 1800ft2 (taken from EPC)
Potential income of £12,000 per annum (if converted into flats)
Potential gross yield of 20%
Freehold
Excellent transport links
Close to the town centre

Location
This property is situated on Newchurch Road, Bacup. Newchurch road is located off the A681 junction, parallel to Booth Road. The property is directly opposite a bus stop, therefore providing residents with easy access into and out of the town centre.
Bacup is a small town in Lancashire, close to Lancashire’s boundary with West Yorkshire. The property sits a short two miles southwest of the town centre. This area benefits from a range of amenities, including; a good selection of well-known supermarkets, restaurants, health options and many more.
Lancashire is situated in the north west of England, 35 miles north west of Manchester and the same distance to Liverpool, in the south west of Lancashire

Description
A large two storey mid-terrace property of traditional brick construction, with a pitched roof above.

Ideal for any investor looking for a property requiring total renovation.

There is versatile accommodation over four floors, which given the right programme of renovation and subject to the necessary planning permissions, could provide a basement flat to the lower ground floor, a ground floor retail premises, and a further good sized flat set over the first floor.

Services
We understand the property to have mains electricity, water and drainage.

Accommodation
Total – 1800ft2 (taken from EPC)

Tenure
Freehold

Council Tax
The property is rated in Council Tax Band D. Council Tax payable (2017/18) is approximately £1,610.

Investment Analysis

We understand the property could be converted into three flats. If converted into flats, the property has the potential to generate an income in the region of £12,000 per annum, providing a gross yield of 20%, before taking into account conversion costs. Alternatively, the property could offer mixed use commercial and residential accommodation, with a shop to the ground floor and two flats to the upper floors.

Guide Price
£60,000 – £65,000+

Buyer’s Premium
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290, Newchurch Road, Bacup, OL13 0UJ
Three Bedroom Mid-Terraced – Potential Conversion To Mixed Use Or Flats
Type: Residential, House, Mixed use, Other Property Types & Opportunities
Location: 290 Newchurch Road, OL13 0UJ
Images: 9
Brochures: 1
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