For sale by auction on Wednesday, 12 June 2024 at 12:00

Venue: Online Auction

Consisting of five individual one bedroom flats including the freehold for the building. Currently all flats are rented bringing in an income of ?2,025pcm (?24,300pa).



The rentals are historic and believe there to be potential to increase to between ?2,500 - ?2,750pcm (?30,000 - ?33,000pa)



Rental Income:

Flat A - (95sqf)

Flat B - (44sqft)

Flat C - (11sqft)

Flat D - (30sqft)

Flat E - (44sqft)



For further tenancy information, please refer to the legal pack.



Tenure: Freehold

Title number: LAN212971

Council Tax Band: A (For all five apartments)

Local Authority: Rossendale



Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip

ACCOMMODATION
Communal Area:

Four of the apartments reside within the main building with flat E having it?s own private side entrance.



Flat A ? Located on the top floor, this large one bedroom flat could potentially be split into two separate one bedroom flats if you wish. With an external terrace with emergency exit, kitchen diner, large living room, bedroom with dressing area and a bathroom.



Flat B ? Residing on the first floor consisting of an open plan kitchen/diner/living room, bedroom and bathroom.



Flat C ? Also located on the first floor consisting of an open plan kitchen/diner/living room, bedroom and bathroom.



Flat D ? Situated on the ground floor consisting of an open plan kitchen/diner/living room, bedroom and bathroom.



Flat E ? With it?s own private entrance to the side of the building, this one bedroom flat consists of an open plan kitchen/diner/living room, bedroom and a bathroom.



Externally:

There is residents parking to the front of the building which is shared with the residents next door also.

IMPORTANT INFORMATION
Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.



Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.



Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

EPC Rating: D, C, D, E

Viewings

Additional Fees
Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of ?1980 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.