Terraced House
Three self-contained flats, let producing £15,600 per annum.
The property has been recently renovated to a high standard and comes fully let, producing an attractive 13% yield on guide.
Well positioned on Colne Road which forms part of the A682, the property benefits from good transport links including a local bus network and Burnley Central Station. Locally there are a number of convenient amenities with a wider offering within Burnley town centre itself. Queens Park is located a short distance away and offers a number of recreational options.
Flat One - Let at £500 per calendar month.
Flat Two - Let at £400 per calendar month. Flat Three - Let at £400 per calendar month.
The internal photographs have been provided by the vendor of the property.
These sales details are awaiting vendor approval.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Leasehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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